Marshall & Ilsley Corp. said it has received approval from the Federal Reserve Board to form a $150 million private equity fund.

The fund, to be called Mason Wells, will be used to invest in leveraged buyouts, recapitalizations, and growth financings that require $3 million to $15 million in equity, the bank said.

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.