Snow Phipps Group raises $809m

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Snow Phipps Group has raised $809 million for its Snow Phipps III, according to a SEC filing. The New York-headquartered firm began fundraising in 2015 with an undisclosed target. 

Its previous fund raised $844 million in 2011.

Investors that committed to Snow Phipps III include the Kansas Public Employees Retirement System, Reinet Investments and the New York State Common Retirement Fund.

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