Leonard Green Said to Raise $6 Billion for Largest Buyout Fund
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Leonard Green & Partners LP, the private-equity firm that backed Whole Foods Market Inc. and J. Crew Group Inc., has raised more than $6 billion to make its next fund its largest, said two people familiar with the matter.
The firm, based in Los Angeles, gathered $5.8 billion in commitments from limited partners for Green Equity Investors VI LP, said the people, asking not to be identified because the information isn’t public. With the general partner investment, the fund will surpass $6 billion at closing.