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Sycamore seeks $4 bln for latest fund: Bloomberg

Sycamore Partners is seeking $4 billion for its latest buyout fund, Bloomberg is reporting. The buyout shop plans to finish raising the money in January, the story said. Sycamore Partners III, if it reaches its target, will be 60 percent bigger than its prior fund, which secured $2.5 billion in 2014, Bloomberg said. Sycamore, a retail focused PE firm, closed its $6.9 billion buy of Staples last month.