Spectrum Equity Fund VIII raises $1.25 bln

Spectrum Equity said Oct. 18 that it its latest flagship fund closed on its $1.25 billion hard cap. Spectrum Equity VIII L.P raised an additional $125 million for a Discretionary Overage Program, which allows the growth equity firm to pursue larger deals or follow on investments opportunistically. Spectrum also said it promoted Adam Margolin to managing director and Leah Palmer to general counsel.

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