Paul Singer’s Elliott Investment Management LP is in talks to raise more than $2 billion to boost its leveraged-buyout efforts, according to people with knowledge of the matter.
Elliott’s private equity affiliate, known as Evergreen Coast Capital, has been involved in some of the year’s largest transactions. In March, it teamed up with Brookfield Asset Management Inc. and reached an agreement to take Nielsen Holdings Plc private. Earlier this year, it partnered with Vista Equity Partners for a leveraged buyout of Citrix Systems Inc., and last year it acquired educational-technology provider DreamBox Learning.
The private equity industry has continued to burgeon as institutional investors seek out diversified returns. Globally there were more than 2,300 private equity funds targeting a collective $757 billion as of October, according to data provider Preqin.
Read more: BNN Bloomberg
