Filed under: Rumors, Raising money, Madison Dearborn Partners, Private equity industry
Madison Dearborn Partners LLC isn’t letting the current environment get in the way of fund raising, at least not according to a report in The Deal. The private equity firm is looking overseas and is including sovereign wealth funds for a new private equity fund of up to $10 billion.
This also notes that the first round of the fund shut at $4 billion in mid-April with investments from existing limited partners. But there are also reported problems in the capability to raise funds if the sources are accurate.
The Deal is citing a “a well-placed source.” Perhaps a memo should be passed out around the firm with the mere message, “Loose lips sink ships.”
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