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DLJ Merchant Banking Partners IV, L.P. and Affiliates Have Completed a US$2.1 Billion Fundraising.


NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- DLJ Merchant Banking Partners DLJ Merchant Banking Partners (DLJMB) is a LBO-focused private equity firm of Credit Suisse. DLJMB has offices in New York, London and Los Angeles. External links
  • DLJ Merchant Banking Partners
 (DLJMB), the LBO-focused private equity arm of Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG.  and a leading middle market investor, is pleased to announce the final closing of its most recent fund, DLJ Merchant Banking Partners IV, L.P. (together with affiliates, "MBP (Manchester Bus Powered) A synchronous transmission standard used in industrial networks. It provides 31.25 Kbps over a two-wire connection that delivers power in the bus and intrinsic safety.  IV" or "the Fund"), with total capital commitments of US$2.1 billion. This capital includes US$225 million committed by Credit Suisse to a side-car vehicle that the MBP IV team can utilize as necessary to fund larger transactions. The Fund held its final closing on September 15, 2006 and is the fourth in a series of investment partnerships sponsored by DLJMB seeking significant capital appreciation through private equity and equity-related investments.

The Fund began investing in July 2005 and has to date invested or committed to invest approximately US$500 million in six portfolio companies. The Fund's investment pipeline remains robust, with significant deal flow being generated by the entire Credit Suisse organization as well as by DLJMB's investment professionals and its Global Industry Partners. With the closing of this latest fund, DLJMB now has US$6.8 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. .

Steven Rattner Steven "Steve" Rattner is an American venture capitalist. As of 2004 he is founder and managing principal at private investment firm Quadrangle Group, which invests media and communications companies in the United States and Europe. [1]. , Global Head of DLJMB at Credit Suisse, said:

"We are extremely pleased with both the institutional and Private Client investor response to the fourth fund sponsored by DLJ Merchant Banking Partners. We have continued to pursue investment strategies that have been successfully employed since our formation in 1985. As a result of DLJMB's focus on lead-managed, middle-market buyout opportunities and selective co-investments in larger transactions, our investors continue to reap the benefits of our independent, affiliated model. DLJMB's affiliation with Credit Suisse provides significant, high-quality deal flow as well as access to the industry expertise of Credit Suisse's more than 1,900 investment bankers worldwide across a broad range of sectors and geographies. This model has been, and continues to be, one of the key factors in the continuing success and top-quartile performance of the DLJMB funds. MBP IV, like its predecessors, will concentrate on investments in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere.  and Europe, seeking diversification across a wide range of sectors. We are confident that our investors and partners will enjoy the same returns that our previous funds have generated."

About DLJ Merchant Banking Partners

DLJ Merchant Banking Partners (DLJMB) is a leading private equity investor that has a 21-year record of investing in leveraged buyouts and related transactions across a broad range of industries. Its 'independent, affiliated' model provides the benefits of access to deal opportunities and other resources from Credit Suisse as well as investment opportunities originated internally by its Global Industry Partners in the healthcare, media, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
, retail/consumer and industrial sectors. DLJMB, with offices in New York, London and Los Angeles, is part of Credit Suisse's Alternative Investments business ("AI"), one of the largest alternative asset managers in the world with more than US$100 billion of assets under management, including US$29 billion of private equity assets across a diverse global family of funds Family of Funds

A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective.

Also referred to as a "Mutual Fund Family" or simply a "Fund Family".
.

About Credit Suisse

As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services advisory services

advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal
, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 40,000 people. Credit Suisse's parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group's registered shares (CSGN CSGN Cyber Sports Gaming Network (UK)
CSGN coordinating subgroup for narcotics (US DoD)
CSGN Strike Cruiser, Nuclear Powered (US Navy ship designation) 
) are listed in Switzerland and, in the form of American Depositary Shares American Depositary Share (ADS)

Foreign stock issued in the US and registered in the ADR system.
 (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

In its Asset Management business, Credit Suisse offers products across the full spectrum of investment classes, ranging from equities, fixed income, and multiple asset-class products to alternative investments such as private equity, real estate, hedge funds, and volatility management. Credit Suisse's Alternative Investments group, part of its Asset Management business, is one of the largest alternative asset managers in the world with more than US$100 billion of assets under management, including US$29 billion of private equity assets across a diverse family of funds including leveraged buyouts, mezzanine funds, real estate funds, secondary funds and fund of funds Fund of Funds

A mutual fund that invests in other mutual funds.

Notes:
For example, an investor would select a general risk profile and the fund-of-funds manager would pick underlying investments from a range of products managed by external managers.
. Credit Suisse's Asset Management business manages portfolios, mutual funds, and other investment vehicles for a broad spectrum of clients ranging from governments, institutions, and corporations to private individuals. With offices focused on asset management in 18 countries, Credit Suisse's Asset Management business is operated as a globally integrated network to deliver the Bank's best investment ideas and capabilities to clients around the world.
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Publication:Business Wire
Date:Oct 6, 2006
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