Behrman Capital sold its majority stake in Condor Systems for $134...

Behrman Capital sold its majority stake in Condor Systems for $134 million to an investor group led by Global Technology Partners and DLJ Merchant Banking Partners II. Behrman will now become an investor in the privately held defense electronics firm through its $518 million buyout fund, Behrman Capital II LP. Investors in Behrman Capital’s two funds include the $1.2 billion Mead Corp. pension system, $6.4 billion Unisys Corp. pension fund, $109 billion New York State Common Retirement Fund, $150 billion California Public Employees’ Retirement System and $8.3 billion Kansas Public Employees’ Retirement System. Behrman acquired its original stake in Condor in November 1996 in a leveraged recapitalization through its first buyout fund, Behrman Capital LP.