Wilbur Ross Said to Target Up to $2 Billion Private-Equity Fund

WL Ross & Co., run by 76-year-old turnaround financier Wilbur Ross, is seeking as much as $2 billion for its next private-equity fund.

WL Ross is targeting $1 billion to $2 billion, according to two people with knowledge of the matter, who asked not to be identified because the plan isn’t public. The target for his sixth main fund would exceed the $640 million the New York-based firm completed raising in 2012 while falling short of the $4 billion it gathered for its fourth in 2007.