Former Lehman Brothers Team Seeking $2 Billion for New Fund

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Trilantic Capital Partners, a private-equity firm created from Lehman Brothers Holdings Inc.’s former merchant-banking unit, is seeking $2 billion for its first fund following its spinoff.

Trilantic Capital Partners V (North America) LP will primarily target deals in consumer, energy and financial services, according to marketing materials dated October 2011 and obtained by Bloomberg News. The fund will make investments of $50 million to $200 million in North American companies with enterprise values as much as $1 billion, according to the materials.