Trilantic Europe is looking to collect €1.2 billion for its latest buyout fund, Private Equity News reported, citing people with knowledge of the matter.

The new fund, if it meets its target, would be the pan-European private equity firm's largest investment vehicle to date, and one of the sources told the news outlet that a single close for the fund is planned for April 2019.

Trilantic invests in middle-market companies in the consumer, leisure, industrial, technology, media, telecommunications, business services and healthcare industries.