Bear Stearns Private Equity Ltd. is planning to raise another $250 million to $350 million for its private equity fund-of-funds, according to Reuters. Also marketing a new $1 billion fund is middle-market buyout firm Levine Leichtman Capital Partners, according to LBO Wire. The two new funds will add even more capital to what will likely be robust middle-market dealmaking.
The Bear Stearns fund, a London exchange-listed private equity fund-of-funds, specializes in investments through the secondaries market. The new vehicle will be the fourth since the unit was created in 2005. The unit was committed to 22 private equity funds at the end of 2007.
As for Levine Leichtman, the new fund is the Beverley Hills, Calif., firm's fifth fund and reportedly has a target of $1 billion, according to LBO Wire.
Other recently announced midmarket funds include SFW Capital Partners LLC, which has just completed fundraising on a new $300 million vehicle, and New Mountain Capital closed a $5.1 billion midmarket-focused fund last week. - George White
See story about Bear Stearns fund from Reuters
See story about Levine Leichtman from peHUB
See story about SFW Capital from TheDeal.com
See story about New Mountain Capital from TheDeal.com
