This private equity giant is sticking with retail
Get great content like this right in your inbox.Subscribe
At a time when most private equity firms are growing increasingly cautious about investing in retail, one firm is going against the grain.
Sycamore Partners is raising its biggest-ever fund, which it will use to invest primarily in retail, CNBC reported. The firm is looking to raise between $3 billion and $4 billion, according to the report.
The news comes a month after Sycamore closed on its $6.9 billion acquisition of Staples, which it is splitting into three parts.
In general, private equity firms are shying away from retain investments, the report said.
Click here to read more.