Great Hill Aims to Raise $3.5bn for Buyouts

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.

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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

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