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<p><a href="https://www.dealstreetasia.com/?s=TowerBrook+Capital+Partners"><span style="color: #000080;"><strong>TowerBrook Capital Partners</strong></span></a> is in early talks with investors to raise as much as 5 billion euros ($5.9 billion) for its next private equity fund, people familiar with the matter said.</p></article>

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<p><a href="https://www.dealstreetasia.com/?s=TowerBrook+Capital+Partners"><span style="color: #000080;"><strong>TowerBrook Capital Partners</strong></span></a> is in early talks with investors to raise as much as 5 billion euros ($5.9 billion) for its next private equity fund, people familiar with the matter said.</p>
<p>The fund will be used to continue TowerBrook’s core investment strategy of investing in large and mid-market companies facing complex structural issues, said one the people, who asked not to be identified as the discussions are private. TowerBrook looks for investments that may have a distressed parent company or be facing disagreements between shareholders and management, according to its website.</p>
<p>No final decisions have been made and the target and timing of the next fund may change, the people said. This will be the fifth fund for the London- and New York-based firm, which raised $3.5 billion for its fourth fund in 2013. That pool was generating a 35 percent annualized return after fees at the end of 2016, ranking among the top 25 percent of similar funds, according to data compiled by Bloomberg.</p>
<p>A representative for TowerBrook declined to comment.</p>
<p>Private equity firms have an abundance of cash after attracting record levels of investment. Dry powder, the money firms have raised and not yet spent, reached $1.6 trillion in August, the highest level since at least 2007, according to data compiled by Preqin.</p>
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<p><span style="color: #ff0000;"><a href="https://www.dealstreetasia.com/stories/sovereign-funds-increasingly-do-their-own-private-equity-deals-sun-65285/"><strong><span style="color: #ff0000;">Global Sovereign Funds choose to strike own private equity deals</span></strong> </a></span></p>
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<p><strong>Bloomberg</strong></p>
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TowerBrook Capital Partners is in early talks with investors to raise as much as 5 billion euros ($5.9 billion) for its next private equity fund

TowerBrook Capital said in talks to raise $5.9b for next fund

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TowerBrook Capital said in talks to raise $5.9b for next fund

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