Terra Firma Eyes €3B Fund

Terra Firmais seeking to raise some €3 billion from a new fund,AltAssetsreports. The new fund will be half the size of its previous fund. The new vehicle may face difficulties in fundraising owing to the turmoil in the market.

The previous fund by the U.K. private equity firm was worth €5.4 billion. The fundraising was also difficult because of the existing sovereign debt crisis.

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