Vistria Group closed its $1.1 billion Vistria Fund III, a middle-market buyout fund, a news release said.
Vistria Fund III was oversubscribed and closed at its hard cap. It also exceeded its $800 million fundraising target and is 27% larger than its predecessor fund, Vistria Fund II, which closed in 2017.
Investors in the current fund include the $54.1 billion Maryland State Retirement & Pension System, Baltimore; $43.8 billion Illinois Municipal Retirement Fund, Oak Brook; $37 billion Connecticut Retirement Plans & Trust Funds, Hartford.
