Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  LEHMAN BROTHERS HOLDINGS INC
 2. Date of Event Requiring Statement (Month/Day/Year)
11/02/2007		 3. Issuer Name and Ticker or Trading Symbol
GLG Partners, Inc. [GLG]
(Last)
(First)
(Middle)
745 SEVENTH AVENUE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
11/13/2007
(Street)

NEW YORK, NY 10019		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 33,665,140 (1)
I
See Footnote (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants (right to buy Common Stock) (3)   (4) 12/28/2011 Common Stock 3,150 $ 7.5 I By Lehman Brothers Inc.

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LEHMAN BROTHERS HOLDINGS INC
745 SEVENTH AVENUE
NEW YORK, NY 10019		     X    

Signatures

/s/ Barrett S. DiPaolo 12/05/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 3,150 of the reported shares of common stock are included within 3,150 units purchased by Lehman Brothers Inc., a direct wholly-owned subsidiary of the Reporting Person. Each unit consists of one share of common stock and one warrant to purchase one share of common stock.
(2) By direct and indirect wholly-owned subsidiaries of the Reporting Person: 33,659,998 shares held by Lehman (Cayman Islands) Ltd., 3,842 shares held by Lehman Brothers Inc., and 1,300 shares held by Lehman Brothers Special Financing Inc.
(3) The warrants are included within 3,150 units purchased by Lehman Brothers Inc., a direct wholly-owned subsidiary of the Reporting Person. Each unit consists of one share of common stock and one warrant to purchase one share of common stock.
(4) The warrants will become exercisable on the later of (i) the consummation of a business combination with one or more target businesses or (ii) December 21, 2007, provided that in each case there is an effective registration statement covering the shares of common stock underlying the warrants.
 
Remarks:
Joint Filer Information Title of Derivative Securities: Common Stock Issuer &  Ticker Symbol: GLG Partners, Inc., (GLG) Designated Filer: Lehman Brothers Holdings Inc. 745 Seventh Avenue New York, NY 10019 Other Joint Filer Information: Lehman (Cayman Islands) Ltd. Maples And Calder, P.O. Box 309GT, Ugland House/George Town, Grand Cayman/Cayman Islands, a Cayman Islands limited liability company, a direct wholly-owned subsidiary of the Reporting Person.  Lehman Brothers Inc. 745 Seventh Avenue New York, NY 10019, a Delaware corporation, a direct wholly-owned subsidiary of the Reporting Person.  Lehman Brothers Special Financing Inc. 745 Seventh Avenue New York, NY 10019, a Delaware corporation, a direct wholly-owned subsidiary of Lehman Brothers Inc.

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