CD&R surpasses $20b, asks LPs for permission to increase cap to $23.5b

US buyout firm Clayton, Dubilier & Rice (CD&R) has reportedly surpassed its $20 billion fundraising target for its latest flagship fund. CD&R has asked investors for permission to increase the fund's hard-cap to $23.5 billion, indicating that it expects to exceed the original target. This achievement is significant considering the current slump in private equity fundraising, with global fundraising declining by 35% in the first half of 2023 compared to the previous year. CD&R raised $16 billion for its previous flagship fund in 2021.

https://www.cdr-inc.com/