New York-based Welsh Carson Anderson & Stowe has raised $1.84 billion for its latest fund according to SEC filings.
This is the firm’s twelfth fund and has a target of $3 billion according to Private Equity International’s research and analytics division.
The vehicle will follow the same growth equity strategy of previous funds, and held a first close last year.
WCAS declined to comment on fundraising.
WCAS invests in information and business services companies and had a number of exits last year. In October, the firm sold Matrix Medical Network to Providence Service Corporation for $400 million, or a 3.1x return, PEI reported at the time. Other exits included GlobalCollect, which sold for €820 million to Ingenico Group, Solstas Lab Partners and Peak 10.