Bear Stearns Asset Management, the fund management arm of the US investment bank, has boosted its private equity offering buying the specialist finance unit of BDC Financial, a private equity group.

Rich Marin, chief executive of Bear Stearns Asset Management, said:"The BDC team brings a unique blend of private equity expertise, skills and relationships, as well as proprietary investment and servicing technologies which, together with the firm's existing strengths in alternative asset management and structured finance, will enable us to deliver comprehensive solutions to all types of private equity investors."