Hellman & Friedman closed its largest buyout fund to date, Hellman & Friedman Capital Partners X, at its $24.4 billion hard cap, according to a news release.
Hellman & Friedman is the largest investor in the fund with a $1.8 billion general partnership commitment.
The fund focuses on making large-scale equity investments in high-quality, growing companies, primarily in the U.S. and Europe.
"HFCP X represents both our largest fund and the largest commitment from H&F to date, reflecting our deep conviction in the firm's strategy and strong alignment with our investors," said Philip Hammarskjold, executive chairman, in the news release.
Investors in the fund include the $148.8 billion State of Wisconsin Investment Board, Madison, $38.1 billion Texas County & District Retirement System, Austin, $34.5 billion San Francisco City & County Employees' Retirement System, $33 billion New Mexico State Investment Council, Santa Fe.