Hellman & Friedman has announced the final closing of its eighth flagship fund at $10.9 billion. Oversubscribed, the fund hit its $10.25 billion hard cap that had been established in June when the vehicle began collecting commitments. A $500 million GP commitment and additional capital from "friends and family" investors resulted in HFCP VIII's final tally, which makes it the largest fund started and raised in 2014 to date, as well as the firm's largest since its inception. Predecessor HFCP VII, which closed in 2009 on $8.9 billion, had logged an IRR of 8.55% as of September 30, 2014. Simpson Thacher & Bartlett and Walkers served as legal advisors. To see some of the other largest funds of 2014, click here.