UK private equity firm TDR Capital has reportedly held a final close of €2bn for its latest fund.
The firm put in a 10 per cent GP commitment, according to Private Equity International.
Last month AltAssets reported that TDR Capital III had €1.64bn towards its €1.75bn target.
Probitas Funds Group acted as a placement agent for the vehicle.
TDR Capital III follows TDR’s second vehicle, which was closed with commitments of €2.2bn in 2006, three years after the London firm secured €500m for its debut fund.
The first fund has so far produced an internal rate of return of more than 65 per cent and a cash multiple of 2.1 times.
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