Lehman Brothers chief executive Dick Fuld has been talking with private-equity and foreign investors about possibly raising capital as he tries to keep the investment bank together, the New York Post reported on its Web site Thursday, citing unidentified sources.
In recent days Fuld has held discussions with various parties, including some from South Korea and other parts of Asia, about the possibility of raising capital as he tries to offset a sale of $30 billion in hard-to-value mortgage assets, The Post reported.
It said Fuld and newly installed president, Bart McDade, have been pursuing several strategies on how to restore long-term confidence in the institution in the context of the current credit crisis.
Several private-equity firms are said to be interested in acquiring a majority stake in Lehman's asset management business, but no formal sale of the unit has been launched, the newspaper reported.
