Parthenon Capital Partners, has raised $1.03 billion for its Parthenon Investors V, according to an SEC filing. The Boston-headquartered firm began fundraising in 2016 with a $850 million target.
Its previous fund raised $700 million in 2012.
Investors that committed to Parthenon Investors V include the Teachers' Retirement System of the State of Illinois.
The fund will target buyout opportunities in a diverse number of sectors in North America.