Buyout firm Vestar raises less than a quarter of its target
date:Jul 02, 2013
Vestar's fundraising woes highlight how private equity investors are becoming increasingly selective in their commitments to fund managers. Money is piling into buyout firms with strong track records at the expense of laggards.

Vestar's latest fund, Vestar Capital Partners VI, was looking to raise $3.5 billion, according to a presentation on the website of University of Missouri System, an investor.

But the firm's predecessor fund, Vestar Capital Partners V, which raised $3.7 billion in 2005,

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