This private equity giant is sticking with retail

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.



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