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Welsh Carson Targets $5 Billion for New Buyout Fund

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Welsh Carson Anderson & Stowe is back on the fundraising trail with a goal of collecting at least $5 billion to invest in healthcare and technology companies, Connecticut Retirement Plans and Trust Funds documents show.

The firm hasn’t set an upper limit for the latest fund, WCAS XIV LP, and expects to hold a first close later this month, according to public documents prepared for a Wednesday meeting of the pension overseer’s investment council. The firm expects to commit at least $200 million to the fund, the documents show.