Lehman closes technology fund

Lehman Brothers closed Lehman Brothers Venture Partners 2003, a $300 million venture capital fund investing in technology companies in North America. Institutional investors include the C$55.6 billion (US$42.1 billion) Canada Pension Plan Investment Board, Toronto, and the $38 billion Pennsylvania Public School Employees' Retirement System, Harrisburg. The fund targets mid- to later-stage venture capital investments.