Deals
Sycamore Seeks $4 Billion for Retail Buyout Fund
- Retail-focused firm bought Staples for $6.9 billion last month
- Fund would be 60% bigger than predecessor if target is reached
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Sycamore Partners is betting on the ailing retail sector at a time when other investors are shying away.
The buyout firm, which bought Staples Inc. last month, is trying to raise $4 billion for its biggest fund yet, two people with knowledge of the matter said. It’s planning to finish raising the money in January, one of the people said.