Report: Charterhouse Raising New Fund

LONDON (Reuters) – Private equity firm Charterhouse Capital has begun raising money for a new 5.2 billion pound ($7.6 billion) buyout fund, according to a report in the Sunday Telegraph.

Investors that have already signed up to participate in the fund include the Los Angeles City Employees’ Retirement System (LACERS), said the report.

Charterhouse has said it will provide not less than 2 percent or 259.1 million pounds of the fund.

This comes as many investors are considering scaling back their commitments in the asset class.

The company could not be reached for comment. (Reporting by Lorraine Turner, editing by Will Waterman)