Large private equity firm Hellman & Friedman hopes to raise around $8.9 billion for a new investment fund starting in May, according to a report.
The fundraising effort, if successful, would make the launch the largest private-equity deal this year, according to the Bloomberg report, which cited two people familiar with the situation. The fund would be the firm's eighth.
Hellman & Friedman, led by Philip Hammarskjold, is based in San Francisco. It currently manages the Hellman & Friedman Capital Partners VII fund, which has more than $8.9 billion of committed capital, according to the firm's website.