WL Ross & Co cuts fund-raising target-WSJ

Oct 14 (Reuters) - WL Ross & Co has cut its fund-raising target to between $2 billion and $2.5 billion, the Wall Street Journal reported citing people familiar with the matter.

As of August, the buyout firm had raised a little more than one-tenth of the $4 billion it set out to attract last year, the newspaper said.

U.S. billionaire Wilbur Ross founded the private-equity firm which he sold to Invesco in 2006. WL Ross & Co could not be reached immediately for comment.

WSJ said that Wilbur Ross declined to comment on fund raising efforts.