UK-based private equity firm TDR Capital has reportedly held a second close for its latest fund.
TDR has raised €1.4bn for its third buyout vehicle, which is expected to hold a final close before the end of the quarter, said Private Equity International.
It was reported in August last year that TDR held a €900m for the fund, whcih is targeting €2bn.
The fund accepts commitments of at least €10m according to a filing with the US Securities and Exchange Commission.
TDR closed its first fund at €500m in 2003 and its €2.2bn second fund three years later. 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.
The firm currently has €2.6bn of committments under management.
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