CD&R Closes Fund, Completes Third Deal in ‘09
Clayton Dubilier & Rice has closed its eighth fund with $5 billion in capital commitments, according to a source familiar with the situation. An announcement is expected shortly. The New York-based firm originally began fundraising almost two years ago with listed hard cap of $7.5 billion, after having raised $4 billion for its seventh fund in 2006. CD&R is one of those in-between-sized firms that tends to fly below the radar. With a $5 billion fund, it isn’t quite a mega-firm, but it’s not middle-market either. The firm typically does just one deal per year, which makes 2009 a big one for CD&R. Last year CD&R closed three deals, all paid for by its new fund.
4 January 2010•3 mins read
