Trilantic Capital Partners, the former private equity arm of Lehman Brothers, is seeking to raise $2.25 bn for its sixth flagship buyout fund, FN's sister publication Private Equity News reports.

If the fund hits its target it will be the largest the firm has raised, trumping the $2.2bn collected for its previous vehicle which was closed in 2013. The boutique investment bank Evercore Partners is helping to raise the fund, called Trilantic Capital Partners VI, according to filings with the US Securities and Exchange Commission.