GHO Capital Partners closed GHO Capital Fund III, a European health-care buyout fund, at €2 billion ($2.4 billion).
The fund closed above its fundraising target of €1.25 billion, a spokesman said in an email. The previous fund, GHO Capital Fund II, closed at €975 million in 2019.
The newly closed fund will "maintain GHO's thematic focus in identifying attractive health-care subsectors, building businesses of strategic global value," a news release said Wednesday.
Investors include the $70.9 billion Los Angeles County Employees Retirement Association, Pasadena, Calif.
GHO Capital has €5 billion in assets under management.