Lehman Brothers Private Equity, the investment bank's fund of private equity funds that listed in July, emerged relatively unscathed from the summer's credit crunch and ensuing market fallout, according to its inaugural results statement.

The fund, which raised $500m (€346m) when it floated on Amsterdam's Euronext exchange, has seen its net asset value per share rise from $10 to $10.29 on September 30, a 2.9% increase.