CD&R raises $20bn towards $26bn flagship buyout fund target
TOP STORY: Clayton, Dubilier & Rice has raised approximately $20bn for its latest flagship private equity fund within six months of launching fundraising, putting the US buyout firm on course towards its $26bn target, according to a report by Bloomberg.
Clayton, Dubilier & Rice (CD&R) has successfully raised around $20 billion for its latest flagship private equity fund just six months after launching the fundraising campaign, according to Bloomberg. This rapid fundraising progress has put the US buyout firm on track to meet its $26 billion target, as reported by Bloomberg.
The fundraising for CD&R Fund XIII has outpaced the earlier fund, which raised approximately $10 billion within a similar timeframe in 2023. Several of the current limited partners have reportedly increased their contributions to the new fund. Fund XIII has a hard cap of $28.5 billion, which is documented by the Pennsylvania Public School Employees’ Retirement System, a commitment holder that has pledged up to $200 million.
CD&R is aiming for a final close in the first quarter of 2027, a timeline that could potentially position Fund XIII among the largest buyout vehicles ever raised. In contrast to many other alternative asset managers, CD&R has remained committed exclusively to private equity, avoiding diversification into private credit or private wealth management.
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