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PAI targets 10bn for latest fund

PAI Partners is understood to be looking to raise €10bn for its fifth buyout fund, according to reports by Bloomberg.

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PAI Partners is understood to be looking to raise €10bn for its fifth buyout fund, according to reports by Bloomberg.

The firm was originally targeting between €6bn and €7bn, which was already the equivalent of its three previous vehicles combined.

PAI's most recent fund closed on €2.7bn in 2005.