Wednesday, 29 June 2016
Last updated 3 hours ago
May 30 2012 | 1:26pm ET
TDR Capital hopes to raise as much as €1.75 billion for its third European-focused private equity fund, 20% less than its last fund.
The London-based firm will begin marketing TDR Capital III in the second half of this year, Bloomberg News reports. Probitas Partners has been hired as placement agent.
TDR raised €2.2 billion for its last fund in 2006.
The private equity firm, which was backed by Tudor Investment Corp. when it was founded by Deutsche Bank veterans Manjit Dale and Stephen Robertson a decade ago, focuses on companies with major presences in Western Europe. Its first fund returned more than 65%.