1. Wasserstein Perella lost money invested through its $ 1 billion merchant banking fund . 2. Merchant banking funds can reap huge profits because they risk little of their own money. 3. Salovaara, 40, will be looking for investments for Blackstone's $ 1.3 billion merchant banking fund . 4. Merchant banking funds often use the market to sell their investments, by selling equities to public investors. 5. Salovaara, 40, will be looking for investments for Blackstone's $ 1 . 3 billion merchant banking fund . 6. There was a lot of gravy from Lehman's first merchant banking fund , with $ 1.3 billion of capital. 7. Merchant banking funds can reap huge profits from their investments because they risk little of their own money. 8. The two partners have agreed to establish a $ 100 million merchant banking fund to invest in high-technology companies. 9. There was a lot of gravy from Lehman's first merchant banking fund , with $ 1 . 3 billion of capital. 10. The investment firm has increased the size of this, its second merchant banking fund , from an original target of $ 1.75 billion.