Cowen Capital Formed

Paul Capital Partners has completed its buyout of SGC Partners I, a North American private equity portfolio of Societe Generale. Societe Generale has retained a minority interest in the portfolio’s new fund. The new fund will be managed by the existing team — named Cowen Capital Partners — and will operate as a subsidiary of the newly independent and public Cowen Group Inc. < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />