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.