Lehman rebuilt its private equity investment team in the mid-1990s and by 1997 the group raised LBMB's second fund, Lehman Brothers Merchant Banking II, with $2.0 billion of investor commitments.
Lehman rebuilt its private equity investment team in the mid-1990s and by 1997 the group raised LBMB's second fund with $2.0 billion of investor commitments. LBMB's second fund was Lehman Brothers Merchant Banking II.