DLJ Merchant Banking: No Quitters Here
DLJ Merchant Banking Partners soon plans to begin pre-marketing its fifth fund, with formal fundraising to begin sometime in 2010, peHUB has learned. No word yet on a target, but parent bank Credit Suisse is expected to remain on board as a cornerstone investor. DLJ MBP is currently investing out of a $2.1 billion fourth fund that closed in Q3 2006. It has approximately $300 million in uncommitted capital remaining, and is in advanced talks on two deals (with a possible third on the horizon). The reason I bring this up today isn't the 2010 timeframe, since just about every PE and VC firm I know is kicking the can toward that intersection. Nor is it because DLJ MBP could possibly find itself as a temporary member of the zombie
28 July 2009•2 mins read
