11.   That is because their deals now involve money from state pension plans and college endowments, which do not want to be tarred as corporate raiders.

12.   The funds now being raised by both Lee and Childs are private equity placements, aimed at big institutional investors like pension funds, college endowments and insurance companies.

13.   The pace of venture-capital fund raising from pension fund, college endowment and other institutional investors has continued this year.