Key Takeaways
- • Clayton, Dubilier & Rice (CD&R) has raised approximately $20bn for its latest flagship private equity fund, Fund XIII, within six months of launching fundraising, according to Bloomberg.
- • Fund XIII is on course toward a $26bn target and carries a hard cap of $28.5bn, per documents from the Pennsylvania Public School Employees' Retirement System (PSERS), which has committed up to $200m.
- • The fundraise is pacing well ahead of predecessor Fund XII, which attracted approximately $10bn over a comparable period in 2023.
- • CD&R is reportedly targeting a final close in Q1 2027, which could place the vehicle among the largest buyout funds ever raised.
- • CD&R continues to focus exclusively on private equity, without expanding into private credit or private wealth.
Summary
Clayton, Dubilier & Rice has raised approximately $20bn for its latest flagship private equity fund within six months of beginning fundraising, putting the US buyout firm on course toward its $26bn target, according to a report by Bloomberg. The fund, Clayton, Dubilier & Rice Fund XIII, has progressed significantly faster than its predecessor, which attracted approximately $10bn over a comparable period in 2023.
Several existing limited partners are reportedly understood to have increased their commitments to the new vehicle, a signal of continued LP confidence in the manager's strategy. Documents from the Pennsylvania Public School Employees' Retirement System show Fund XIII has a hard cap of $28.5bn, and the pension fund has committed up to $200m to the vehicle.
CD&R is reportedly targeting a final close in the first quarter of 2027, which would potentially place the fund among the largest buyout vehicles ever raised. Unlike many competing alternative asset managers, CD&R has maintained its exclusive focus on private equity rather than expanding into private credit or private wealth.
Several existing limited partners are reportedly understood to have increased their commitments to the new vehicle, a signal of continued LP confidence in the manager's strategy. Documents from the Pennsylvania Public School Employees' Retirement System show Fund XIII has a hard cap of $28.5bn, and the pension fund has committed up to $200m to the vehicle.
CD&R is reportedly targeting a final close in the first quarter of 2027, which would potentially place the fund among the largest buyout vehicles ever raised. Unlike many competing alternative asset managers, CD&R has maintained its exclusive focus on private equity rather than expanding into private credit or private wealth.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.