Certares Management, an investment firm led by Hertz Global Holdings Inc. Chairman Greg O’Hara and dedicated to the travel, tourism and hospitality industries, is seeking capital for a new private equity fund, according to people with knowledge of the matter.
Certares is aiming to raise $5 billion to $6 billion for the vehicle, Certares Holdings II LP, and may hold a so-called first close at $1 billion to $2 billion as soon as next month, some of the people said. The New York-based firm is discussing the fund with institutional investors, said the people, who asked not to be identified because talks are private.
A Certares representative declined to comment. The firm managed $7.8 billion at the end of 2021.
Read more: BNN Bloomberg
