Bear Stearns closes $2.7bn private equity fund

Bear Stearns has become the third investment bank to close a new private equity fund this month.

Bear Stearns Merchant Banking, the private equity affiliate of the bank, has held a final close of its third fund at $2.7bn (€2.1bn).

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions