Oak HC/FT raises $1.4bn

The Connecticut-based firm has raised capital for its fourth venture capital fund.

Fund name: Oak HC/FT Partners IV
Amount raised: $1.4 billion
Target size: $1.1 billion
Stage of fundraising: Final close
Final close date:
February 2021
Predecessor fund: Oak HC/FT Partners III ($800 million)

Oak HC/FT has raised $1.4 billion for Oak HC/FT Partners IV, according to a recent press release. Capital raised by the vehicle will be used to invest in companies throughout North America across healthcare, financial services and TMT sectors.

The fund received $100 million in commitments from Pennsylvania Public School Employees’ Retirement System.