Unfounded Rumor Of The Morning: Booz And Co.

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"Booz & Company is going to launch a large PE fund later this year."

"This is from very senior, internal sources at the firm. It's happening later this year, sometime in 2010, probably fall. They've already trademarked the name 'Booz Capital' (and grabbed a domain-- boozcapital.com redirects to the Booz & Co website). Heard the first fund will be $1b+ and that a lot of the partners plan to put in cash. There are over 200 of them-- most agreeing to kick in a couple million and some are throwing in 8 figure amounts. Apparently the plan is to raid employees from top bulge brackets and other megafunds."

A spokesman for Booz and Company said he had "no information to pass on," so who knows! It's all relative.

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