About 18 months after its launching, a group at Bankers Trust New York Corp. created to raise funds for leveraged buyouts is going strong.

The group recently held a first closing for Evercore Capital Offshore Partners LP, the fund run by former Deputy Treasury Secretary Roger C. Altman's Evercore Partners. And it is expecting a second and possibly final close at the end of the third quarter for the fund, which is capped at $500 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.