HGGC raises $1.8bn

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HGGC has raised $1.8 billion for its HGGC Fund III. The Palo Alto-headquartered firm began fundraising in 2016 with a $1.5 billion target.

Its previous fund raised $1.3 billion in 2015.

Investors that committed to HGGC Fund III include the Pennsylvania Public School Employees' Retirement System.

The fund will target buyout opportunities in a diverse number of sectors in North America.