Hellman & Friedman has raised one of the biggest-ever pools of private equity capital, after investors committed $24.4 billion to its latest flagship fund.

The U.S. buyout firm pledged $1.8 billion to Hellman & Friedman Capital Partners X, which was “significantly” oversubscribed, according to a statement Thursday. The closing of the fund brings its total assets under management to more than $80 billion.

The fund is Hellman & Friedman’s biggest to date and ranks among the largest raised by a private equity firm. It comes in just under Blackstone Group Inc.’s roughly $26 billion Capital Partners VIII and Apollo Global Management Inc.’s $24.6 billion Fund IX, according to data compiled by Bloomberg. CVC Capital Partners closed a 21 billion-euro ($24.9 billion) buyout vehicle last year.

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Source: Bloomberg

By Jan-Henrik Foerster and Crystal Tse