EagleTree Capital eyes up to $2.1bn for new flagship fund, reaches first close

Eagletree Capital is reportedly eyeing up to a $2.1bn hard cap for its sixth flagship buyout fund, almost double the total it raised for its last vehicle in the series.

The firm has set a $1.6bn target for EagleTree Partners VI according to an SEC filing for the fundraise, almost 50% larger than the $1.1bn it collected for the 2020-vintage Fund V.

But EagleTree could go as high as $2.1bn for the hard cap according to Buyouts, which cited unnamed sources.

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It added that the firm had brought in about $509m for a first close of the fund at the end of last month.

Eagletree was spun out of Wasserstein Perella back in 2001. The firm targets investments in media and business services, consumer, and water and specialty industrial businesses.

Recent deals from the firm include buying business outsourcing services provider Integreon from fellow private equity house NewQuest Capital Partners.

Source: AltAssets

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