Trilantic Capital Partners, the former Lehman Brothers Merchant Banking, is expected to begin fundraising later this year, several sources told peHUB.
The buyout shop, which has offices in New York, London and Luxembourg, is not marketing right now, persons said. However, the PE firm is seen fundraising later in 2011.
Trilantic is currently investing from its fourth fund, which raised $2.6 billion. The actual size of Trilantic Capital Partners IV LP was $3 billion but was reduced, one source says. Trilantic is targeting a similar size, roughly $2.5 billion, for its next fund, the person says.