Brazilian private equity firm 3G Capital is reportedly trying to raise $8 billion to $10 billion through a new fund to co-invest in the purchase of its next target, the Brazil Journal reports, citing sources.

At least 10 Brazilians have committed to investing at least $100 million each in the new fund.

While 3G did not disclose the target, it will likely be a company in the consumer goods sector, the Brazil Journal said.

Does 3G have a yen for Mondelez  (MDLZ - Get Report) , the maker of Oreo cookies? Perhaps, according to the report. The snack maker's stock is already up over 2% in early Tuesday morning trading.

Analysts at Susquehanna Financial said with the current consolidation of the food and beverage space, Mondelez could become a target. The firm viewed its bid for Hershey  (HSY - Get Report) as "more of a defensive move." In July, Hershey rejected a $23 billion takeover offer from Mondelez. In late August, Mondelez said it was no longer pursuing a combination with the company.

3G, with Warren Buffett's Berkshire Hathaway (BRK.A - Get Report) , was the driving force to acquire H.J Heinz and merge it last year with Kraft Foods to form Kraft Heinz (KHC - Get Report) .

"A combination of cost cuts (do away with US direct store delivery, consolidated the Northfield and Deerfield HQ, the overlap in the UK of Heinz/Cadbury), and asset divestitures (coffee) would make a $60 bid by KHC realistic and accretive," Susquehanna wrote in a recent analyst note about a Mondelez takeover.