Growth equity investment firm FTV Capital has held the close of FTV VII, its seventh and largest fund, oversubscribed at its hard cap of USD2.3 billion in capital commitments.

This new fund provides FTV flexibility to make control and significant minority equity investments, often as the first institutional investor, generally ranging from USD30 to USD200 million that align with the objectives of company management teams to accelerate growth and expansion.

With the close of FTV VII, FTV has raised USD6.2 billion, invested over USD4 billion in 130 portfolio companies and realised over USD6 billion since the firm was founded in 1998.

Read more: Private Equity Wire