Financial Services Industry
Industry: Email Alert RSS FeedDonaldson Lufkin & Jenrette Inc.
Investment News, February, 2000 by GRAFF, SAM
* Donaldson Lufkin & Jenrette Inc. didn't break a sweat in raising $1.6 billion from pension funds, deep-pocketed individuals and its own vaults to start a merchant banking fund to invest in start-ups and companies in need of "special financing." That presumably for companies that would qualify for the Special Olympics, since the new fund will target junk bonds.
The house intends to borrow another $400,000 to round off DLI Investment Partners II at an even $2 billion.
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