Clayton Dubilier & Rice is returning to the fundraising trail with a new buyout fund nearly a year after wrapping up its predecessor with approximately $16bn, according to four people familiar with the fundraising efforts.
The firm has begun talking to investors about its next buyout fund and plans to raise at least $20 billion for the offering, these people said. If the firm reaches the target, the fund would be around 25% larger than its predecessor, Clayton, Dubilier & Rice Fund XI LP, which closed in February 2021.
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The fund comes approximately one year after the firm closed its latest flagship fund at $16bn. Back then, it was 60% larger than its predecessor, which raised $10bn including GP commitment in 2017.
Clayton, Dubilier & Rice is a private investment firm with a strategy predicated on building stronger, more profitable businesses. Since its inception, CD&R has managed the investment of more than $40bn in over 100 companies with an aggregate transaction value of approximately $175bn.
Source: Wall Street Journal
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