MutualFundWire.com: Excelsior Registers Buyout Fund
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Wednesday, April 2, 2003

Excelsior Registers Buyout Fund


U.S Trust is planning to open a closed-end fund-of-funds specializing in mid-market buyouts. The Schwab unit filed paperwork with the SEC on the fund this week. The firm is also planning a second, non-registered version of the fund that will make similar investments.

The firm will raise $100 million for the Excelsior Buyout Investors LLC. The funds will be used to invest in between eight and 12 private buyout funds. The fund will carry an investment minimum of $25,000.


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