Great Hill gathers massive mound of Fund VI commitments
February 02, 2017
Great Hill Partners has closed its sixth flagship buyout fund on a hard cap of $1.5 billion, exceeding its original target of $1.25 billion after roughly four months of fundraising. The firm will use Great Hill Equity Partners VI to pursue growth buyouts in the middle market, with a focus on the consumer services, healthcare, media, communications and software sectors.
Great Hill’s buyout vehicle is the largest of its kind closed so far during 2017, according to the PitchBook Platform, exceeding the debut fund from Northlane Capital Partners, which closed on $1.1 billion last week. In all, firms have closed 23 new buyout funds in the US and Europe so far this year, including a handful of first-time fundraisers. PitchBook Platform subscribers can check out the full list here.