New York-based private equity firm Clayton Dubilier & Rice is reportedly nearing the $3bn mark for its latest fund.
Clayton, Dubilier & Rice Fund IX has raised almost $3bn including a $250m commitment from Clayton Dubilier towards its $5bn target, said Bloomberg, citing a person familiar with the matter.
A document filed with the US Securities and Exchange Commission earlier today said that the fund had received $2.65bn from 68 LPs.
Last month it was reported that the fund was nearing a first close of at between $2.5bn and $3bn towards the end of the month.
The new fund follows the firm’s eighth vehicle, which was closed on $5bn in January 2010, falling short of its $7.5bn target.
Earlier this year Clayton Dubilier sold AssuraMed to US major Cardinal Health for $2.07bn.
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