Lion Capital raises $1bn

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Lion Capital has raised $1 billion to date for its Lion Capital Fund IV, per a SEC filing. The London-headquartered firm has set a $2.25 billion target and began fundraising in 2015. The SEC filing did not disclose whether the capital raise constituted a final or interim close.

Its previous fund raised €1.55 billion in 2012.

The fund will target buyout opportunities in consumer goods sectors in North America and Europe.