Eagletree Capital is reportedly eyeing up to a $2.1bn hard cap for its sixth flagship buyout fund, almost double the total it raised for its last vehicle in the series.

The firm has set a $1.6bn target for EagleTree Partners VI according to an SEC filing for the fundraise, almost 50% larger than the $1.1bn it collected for the 2020-vintage Fund V.

But EagleTree could go as high as $2.1bn for the hard cap according to Buyouts, which cited unnamed sources.

It added that the firm had brought in about $509m for a first close of the fund at the end of last month.

Read more: AltAssets