San Francisco-based Hellman & Friedman have closed the Capital Partners VIII vehicle on $10.9 billion. The fund had an $8.9 billion target, and has been in market for less than a year.
The fund first came to market in April and had raised $10 billion by October, according to SEC filings, PEI reported at the time.
Fund VIII includes a $500 million GP commitment, as well as additional capital from “friends and family” investors.
This fund like all others will focus on large-scale direct investments of $300 million to $1 billion in growth companies primarily in the US and Europe.
Known investors in the fund include the Los Angeles County Employees Retirement Association (LACERA) and the New Jersey Division of Investment, according to Private Equity International’s research and analytics division.
Simpson Thacher & Bartlett LLP and Walkers served as legal advisors to Hellman & Friedman.