Bay Hills Capital raises $70m

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Bay Hills Capital has raised $70 million for its Bay Hills Capital Partners III, per a SEC filing. The San Francisco-headquartered firm began fundraising in 2013 with a $100 million target.

Its previous fund raised $80 million in 2013.

Investors that committed to Bay Hills Capital Partners III include the Kentucky Retirement Systems.

The fund will target private equity fund opportunities in a diverse number of sectors in the United States.