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Clayton Dubilier & Rice Said to Seek $5 Billion for Fund

Clayton Dubilier & Rice LLC, one of the industry’s oldest private-equity firms, plans to seek about $5 billion for its next fund, the same amount it gathered for a predecessor raised in 2009, according to three people familiar with the matter.

Clayton Dubilier & Rice Fund IX LP is expected to officially come to market next year, said one of the people, who asked not to be named because the information is private. The New York-based firm closed its prior fund in December of 2009 below the $7.5 billion it originally sought.