Bear Stearns Asset Management purchased a portion of the private equity business of BDC Financial. Terms were not disclosed. Bear Stearns acquired select assets, including intellectual property, private equity database analytics and monitoring tools, said Roger Baumann, senior managing director. Seven of BDC's executives, including co-founders Jeff Hammer, Greg Getschow and Paul Sanabria, joined Bear Stearns. BDC continues to manage its two private equity fund of funds.