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Relativity Capital Targeting $300 Million Debut Fund

Relativity Capital is targeting $300 million for its first fund, slated to close by the end of the year, according to Buyouts. The Washington, D.C.-based firm was founded by vets of Carlyle Group and Cerberus Capital in 2006 and has made two investments. Investors include Michigan 21st Century Investment Fund and the Philadelphia Pension Fund.