You are browsing the archive for -.

Avatar of PEHub Administrator

by PEHub Administrator

Merrill Placement Vet Loren Boston Joins C.P. Eaton

Posted on: March 4, 2010 by PEHub AdministratorNo Comments »

Loren Boston has joined C.P. Eaton Partners as a managing director, and head of the firm’s global private equity fundraising business. He previously was managing director and global head of origination for for Merrill Lynch’s private equity funds group.

Tags: ,

Avatar of Dan Primack

by Dan Primack

Wall Street’s Oldest Fund Placement Biz To Close

Posted on: June 24, 2009 by Dan PrimackNo Comments »

Bank of America has decided to discontinue the fund placement business it acquired via the Merrill Lynch merger. A source familiar with the situation tells me that the Merrill team is currently helping to raise between 15 and 20 funds, and will continue full-service through at least the beginning of Q4 (and probably through year-end). It will not take on any new clients, but will work to transition existing ones to other placement agents if needed.

The group employs more than 30 professionals, including head of origination Loren Boston (who previously ran Citi’s placement biz). No word yet on if there will be some sort of independent spinout, or if most folks will go their separate ways.

Bank of America’s decision effectively ends Wall Street’s oldest and most fertile fund placement business. The unit began back in 1981, and its veterans have spawned similar groups at banks like Credit Suisse/DLJ and Lazard.

Tags: , ,