Los Angeles-based Leonard Green & Partners is looking to raise $5 billion for its sixth private equity fund, CNN Money reports. Pension funds, including the Washington State Investment Board and the Ohio School Employees Retirement System, have approved commitments to the fund. The Washington fund has committed $300 million, while the Ohio fund will give up to $50 million. The GEI VI will mostly invest in established, middle-market companies across an array of industries, preferring companies in the retail, distribution, healthcare, aerospace, consumer and business services sectors.
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