July 15 Reuters Hellman Friedman said on Thursday it had closed a 24.4 billion fund, the U.S. private equity firms largest ever, which will allow it to continue targeting largescale investments.
Hellman Friedman Capital Partners X, the PE firms tenth fund, was significantly oversubscribed and reached its hard cap, it said. The fund also includes a 1.8 billion commitment from HF.
The latest fund brings HFs combined assets under management and committed capital to over 80 billion, the firm said.
PE firms in general are amassing huge sums from investors, giving them a chance to look into fresh deals and acquisitions amid soaring valuations of target companies.
So far in 2021, KKR Co raised 18.5 billion and Bain Capital secured 11.8 billion from outside investors and employees for their respective flagship North American buyout funds.
Reporting by Nivedita Balu in Bengaluru and David French in New York; Editing by Krishna Chandra Eluri