Great Hill Partners, which backs midmarket technology-enabled companies, is pitching its eighth fund to investors with a goal of raising $3.5bn, according to people familiar with the effort.
The Boston-based firm’s Great Hill Partners VIII LP fund would be 40% larger than its predecessor if the firm reaches that goal. Great Hill’s seventh fund wrapped up with $2.5 billion in 2019.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
Great Hill Partners is a Boston-based private equity firm targeting investments of $25 million to $500 million in high-growth companies across the software, digital commerce, financial technology, healthcare, and digital infrastructure sectors.
Over the past two decades, Great Hill has raised nearly $8 billion of commitments and invested in more than 90 companies, establishing an extensive track record of building long-term partnerships with entrepreneurs and providing flexible resources to help middle-market companies scale.
Source: Wall Street Journal
Can’t stop reading? Read more
Blackstone taps bond market as private credit BDCs end issuance drought
Blackstone taps bond market as private credit BDCs end issuance drought Blackstone's private...
EQT raises the stakes with revised $12.3bn bid for Intertek
EQT raises the stakes with revised $12.3bn bid for Intertek EQT has tabled an improved takeover...
Temasek’s Azalea bets on evergreen structure to democratise private equity access
Temasek's Azalea bets on evergreen structure to democratise private equity access Azalea, a unit...