Boston, MA-based Great Hill Partners closed its sixth private equity fund, at $1.5 billion of limited partner commitments.
Great Hill Equity Partners VI, L.P., had a target of $1.25 billion, and the firm began fundraising in late September 2016.
Similar to prior funds, Fund VI will seek opportunities to finance the acquisition, recapitalization, or expansion of growing middle market companies ranging in size from $25 million to $500 million.
The fund will be invested by Great Hill Partners’ team of 25 investment professionals, led by Managing Partners Christopher Gaffney, Michael Kumin, Mark Taber, Matthew Vettel; Partners Christopher Busby, Nick Cayer, Rafael Cofiño, Peter Garran; and CFO Laurie Gerber.
Since its inception in 1998, the firm has raised $5.3 billion in capital commitments across all funds.