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.

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