Core Equity Holdings, a private equity firm set up in 2015 by four former executives at Bain Capital, has collected at least €718 million for its first fund, according to filings with the Securities and Exchange Commission.

If the firm hits its €1.05 billion ($1.1 billion) target, it will be one of the biggest-ever buyout funds raised by a first-time manager in Europe, FN's sister publication Private Equity News reports.