Buyout store Clayton, Dubilier & Rice has collected round $10 billion in an preliminary closing of its newest private-equity fund, elevating the cash in round 4 months, in response to folks accustomed to the trouble, as buyers funnel extra of their private-equity commitments to skilled managers.
The quantity raised up to now places the New York agency roughly midway towards a $20 billion aim for the Clayton Dubilier & Rice Fund XII LP and comes as the general fundraising marketplace for private-equity companies has grown more difficult. By this 12 months’s first half, companies worldwide raised $247 billion for brand spanking new funds, 43% lower than in the identical interval final 12 months, in response to information supplier Preqin Ltd.
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