DH Private Equity Partners has abandoned its plan to raise a new fund and will wind down instead, according to an email to investors reviewed by WSJ Pro, signaling the end of a firm that was once one of European private equity’s biggest names.

The firm, which changed its name from Doughty Hanson last year, had been talking to investors about raising its first fund since 2007. It was seeking to raise as much as €1.5bn, FN’s sister publication Private Equity News previously reported.