Vestar Capital Partners closed Vestar Capital Partners VII at $1.1 billion.
The middle-market buyout fund exceeded its fundraising target of $1 billion, according to a news release Monday from the private equity manager. The fund focuses on family- and founder-owned companies in the consumer, business and technology services, and health-care sectors.
The previous fund, Vestar Capital Partners VI, closed at $814 million in 2013.
A spokeswoman could not immediately provide further information.