The fund, European Strategic Partners 2008, is expected to have its final closing
in March 2009, but the firm did not specify a target. SL Capital is an
Edinburgh, Scotland-based subsidiary of the Standard Life Investments
group that invests in private equity funds that do LBO deals ranging
from €100 million to €1.5 billion. The fund of funds is a limited
partner in the Altor Equity Partners' recently closed $3 billion mega-fund and in Advent International Corp.'s $10.4 billion sixth global fund. - George White
Paulson's proposal to purchase an equity stake in Yellow Pages publisher Idearc is the second time in recent months an investor group has used its prepetition debt position to execute a bargain price 'exit LBO.'
