Aug
07
TowerBrook Is in Talks to Raise $5.9 Billion for Its Next Fund
By-
Firm to continue core investment strategy with new pool
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Dry powder reached highest level since 2007 with $1.6 trillion
TowerBrook Capital Partners is in early talks with investors to raise as much as 5 billion euros ($5.9 billion) for its next private equity fund, people familiar with the matter said.
The fund will be used to continue TowerBrook’s core investment strategy of investing in large and mid-market companies facing complex structural issues, said one the people, who asked not to be identified as the discussions are private. TowerBrook looks for investments that may have a distressed parent company or be facing disagreements between shareholders and management, according to its website…
TowerBrook Is in Talks to Raise $5.9 Billion for Its Next Fund
