TowerBrook Capital Partners has raised approximately $2.7bn at the first close of its latest flagship vehicle, according to a report by Bloomberg citing unnamed people familiar with the matter, as the broader fundraising environment for buyout funds remains challenging.
The firm is targeting a total of $4bn for its newest fund, TowerBrook Investors VII, and is expected to complete a second close in late June. The final size and timing of subsequent fundraising rounds remain subject to market con...
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