Searchlight Capital, the PE firm founded by former KKR and Apollo execs, is raising $750 million for its first fund, sources say.
The pool is fully subscribed, sources say.
“They are oversubscribed at their current target and basically closed already,” one placement source says.
News of the Searchlight fundraising was reported in May 2010 by the Wall Street Journal. The WSJ, at that time, said that Searchlight was marketing for a $500 million to $1 billion fund.