Stripes Group raises $546.1m

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Stripes Group has raised $546.1 million to date for its SG Growth Partners IV, per a SEC filing. The New York-headquartered firm has set a $750 million target and began fundraising in 2016. The SEC filing did not disclose whether the capital raise constituted a final or interim close.

Its previous fund raised $500 million in 2014.

Investors that committed to SG Growth Partners IV include the Los Angeles Fire & Police Pension System, the University of Michigan and the San Francisco Employees' Retirement System.

The fund will target buyout opportunities in technology, media, telecommunications and consumer goods sectors in North America.