Berkshire Partners Seeks $6.5 Billion for Newest Fund

Berkshire Partners, a Boston-based buyout firm, has started pitching its 10th midmarket fund, according to prospective investors and a regulatory filing.

The firm is targeting $6.5 billion for Berkshire Fund X LP, people familiar with the fundraising told WSJ Pro Private Equity. The target is only about 18% larger than the fund’s predecessor, which closed with $5.5 billion in 2016.

Read full article: Wall Street Journal