Blum Capital Partners raises between $2 and $2.5B

Blum Capital Partners is raising between $2 billion and $2.5 billion for its fourth fund, according to LBO Wire. The San Francisco-based firm’s previous fund closed in 2005 with $1.2 billion.

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Matt Marshall is editor and CEO of VentureBeat. Follow him on Twitter at @mmarshall, and follow VentureBeat on Twitter at @venturebeat.