Great Hill Partners Raises $1.5B In Four Months For Sixth Private Equity Fund

Feb 1 2017 | 10:05pm ET

Great Hill Partners has raised $1.5 billion in limited partner commitments for its sixth buyout fund, well above its $1.25 billion target. 

The new fund, named Great Hill Equity Partners VI, debuted in late September of last year and will acquire, recapitalize and expand growing middle-market companies with sales between $25-$500 million, according to a statement. 

As with the company’s previous funds, Fund VI’s buyout strategy is based on rigorous sector research, proactive origination, value-added company-building tactics, conservative use of leverage, and emphasis on exits to large strategic buyers, the company said. 

Latham & Watkins LLP served as advisor on the raise, according to the statement. No placement agent was used.

Great Hill’s most recent investment vehicle, Fund V, closed in June 2015 at $1.1 billion.

Boston-based Great Hill Partners was founded in 1998 and has raised $5.3 billion in capital commitments since inception. The company concentrates on opportunities in the business and consumer services, healthcare, media, communications and software industries.

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