Hellman & Friedman closed its Capital Partners VIII with $10.9 billion, said a spokeswoman for the private equity manager, in an e-mail Monday.
The fund raised $10.25 billion in capital from limited partners, the hard cap established in June, while a $500 million general partner commitment and additional capital from “friends and family investors” brought total commitments to $10.9 billion, said a news release from the firm.
A predecessor fund, Hellman & Friedman Capital Partners VII, closed at $8.8 billion in 2009.
The new fund will target “large-scale equity investments of $300 million to $1 billion in growth companies with strong and defensible market positions primarily in the U.S. and Europe,” the news release said.
The spokeswoman declined to provide additional information.
Investors in the fund include the $173.7 billion Florida State Board of Administration, Tallahassee; $108.2 billion New York State Teachers’ Retirement System, Albany; $104 billion Washington State Investment Board, Olympia; and $65.2 billion Virginia Retirement System, Richmond.
