Platinum Equity Eyes $15 Billion Buyout Fund, First-Ever Credit Vehicle
- Tom Gores’s firm joins fundraising frenzy for leveraged deals
- New credit fund will target the debt of struggling companies
This article is for subscribers only.
Platinum Equity is looking to raise as much as $15 billion for its latest buyout fund, making it the largest in the firm’s 26-year history, according to people with knowledge of the matter.
The private equity firm founded by billionaire Tom Gores has set an initial target of $12 billion for the sixth vintage of its flagship strategy and may increase the total by $3 billion, depending on investor demand, the people said.