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Lehman's $3.4B Property Fund To Seek New Sponsor

By Morgan Bettex (October 20, 2008, 12:00 AM EDT) -- A $3.4 billion fund set up by Lehman Brothers Holdings Inc.'s private equity team to invest in global real estate is reportedly looking for a new partner to take over the 20 percent stake owned by the failed investment bank, or the fund's managers may have to pony up $780 million to purchase Lehman's interest themselves....

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