Duke Street shelves €850m fundraising plans

Duke Street hit the road around a year ago; a €250m first close was targeted for December last year but was delayed.

It is understood that the new fundraising structure would see Duke Street receiving both management fees and a remuneration scheme similar to carried interest.

Managing partner Peter Taylor stated Duke Street was looking to raise a more traditional vehicle when investors display more appetite - but that given the level of interest the firm has received for deal-by-deal commitments, the next fund would likely follow a mixed model.

Duke Street's latest vehicle, DS VI, closed on €963m in 2007.

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• Duke Street