CDR collects $9.4bn

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Clayton, Dubilier & Rice (CDR), a New York-based private equity firm, announced the final close of its 10th flagship fund on the $9.35 billion hard-cap.

The fund was launched in October 2016 with an initial target of $8.5 billion. Known investors include the California Public Employees' Retirement System, Teacher Retirement System of Texas (TRS) and Oklahoma State Regents for Higher Education.