US private equity giant Clayton Dubilier & Rice has reportedly surged past its goal for its latest flagship fundraise to reach about $16bn of capital.
The firm pushed past its initial $13bn target for Fund XI in Q3 last year according to a report from PEI, which cited an unnamed source it said was familiar with the fundraise.
It added the new fund had a re-up of about 80% for the new vehicle.
CD&R has easily outdone the almost $10bn it gathered for its predecessor vehicle, Fund X, four years ago.
The firm previously raised $6.25bn for Fund IX in 2014, and $5bn for Fund VIII in 2009.
Recent deals from the firm include the £308m buyout of plumbing, heating, climate control, pipe and infrastructure & utility products business Wolseley UK.
Copyright © 2021 AltAssets