UK private equity firm Inflexion is reportedly targeting £2bn for its sixth flagship buyout fundraise. Fund VI is set to be 60% larger than Fund V according to a new report from the Wall Street Journal, which cited unnamed people it said were familiar with the fundraise. The $51bn-managing llinois Municipal Retirement Fund had previously agreed to commit up to £175m to Inflexion Buyout Fund VI, the latest of a string of previous investments from the LP in Inflexion vehicles totalling more than £400m. Inflexion’s latest fundraise comes on the back of a series of impressive exits, most recently the sale of Kynetec to Paine Schwartz Partners, which AltAssets understands scored its a 3x return.