Lehman Brothers Holdings hopes to generate as much as $2 billion to repay creditors by securitizing a portfolio of commercial loans.

The failed bank is seeking approval from a bankruptcy court to engage investment management firm Fraser Sullivan to manage a portfolio of approximately $5 billion of commercial loans, according to a court filing.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.