IBM, Lehman Create Fund for Investments in China

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IBM, Lehman Create Fund for Investments in China

BEIJING, China (November 15, 2006) — Companies to target companies across several industry sectors.


	[ 11/15/2006 ] By: NEWS BRIEFS
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IBM and investment bank Lehman Brothers said they will join together to create a $180 million fund earmarked for investments in China.

The China Investment Fund will target mid-stage to mature public and private companies across several industries, the companies said at a briefing here.

The partnership will bring together $90 million. Beyond funding, IBM and Lehman will also provide management and technology support to the companies in which they invest.

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