Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies, has completed fundraising for Great Hill Equity Partners VIII with total commitments of USD4.65 billion, inclusive of the General Partner commitment.
The fundraise process was launched in September 2021, and the Fund was significantly oversubscribed, with demand exceeding the original USD3.5 billion target. Great Hill has now raised over USD12 billion in commitments since its founding.
Fund VIII, which commenced its investment period in November 2021, will continue to follow Great Hill’s investment strategy, targeting investments of up to USD500 million in rapidly growing companies across the software, digital commerce, financial technology, healthcare, and digital infrastructure sectors. The Fund is the successor to Fund VII, a USD2.5 billion fund raised in 2019.
Read more: Private Equity Wire
