Valor Equity Partners closed growth equity fund Valor Equity Partners V at $1.7 billion.
The oversubscribed fund closed at its hard cap.
The previous fund, Valor Equity Partners IV, closed at $1.05 billion in 2018.
Valor Equity Partners V will make initial growth-oriented investments of between $25 million and $75 million in technology-enabled companies, a news release said Wednesday.
Investors include the $247.7 billion New York State Common Retirement Fund, Albany; the $51 billion Illinois Municipal Retirement Fund, Oak Brook, and the Wyoming State Loan and Investment Board, Cheyenne, which oversees $22.7 billion in state permanent funds.
Officials at Valor Equity Partners could not be immediately reached for further information.