Avista Preps Second Fund

Avista Capital is planning to raise $3 billion for its second fund, according to LBO Wire. The Credit Suisse spinout closed its debut fund just last summer with $2 billion. www.avistacap.com

Update: The news was first reported back in January by Buyouts Magazine. That article said that the target is $3 billion, but that the effort could raise upwards of $4 billion.