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Hellman & Friedman seeks $8.9 billion for new PE fund: report

Hellman & Friedman web page
Source: Hellman & Friedman
Hellman & Friedman web page

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.

A spokeswoman for Hellman & Friedman declined to comment to CNBC.com.

Read the full story here.

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