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Laxman Pai, Opalesque Asia: American private equity firm Hellman & Friedman (H&F) has closed its largest buyout fund to date, Hellman & Friedman Capital Partners X (HFCP X), at its $24.4 billion hard cap.
The PE firm's tenth fund was "significantly oversubscribed and reached its hard cap", it said. The fund also includes a $1.8 billion commitment from H&F.
Investors in the fund include State of Wisconsin Investment Board, Madison, $Texas County & District Retirement System, Austin, San Francisco City & County Employees' Retirement System, New Mexico State Investment Council, Santa Fe.
The closing of the fund brings its total assets under management to more than $80 billion.
The fund focuses on making large-scale equity investments in high-quality, growing companies, primarily in the U.S. and Europe.
HFCP X comes in just under Blackstone Group Inc.'s roughly $26 billion Capital Partners VIII and Apollo Global Management Inc.'s $24.6 billion Fund IX. CVC Capital Partners closed a 21 billion-euro $24.9 billion) buyout vehicle last year.
Hellman & Friedman was founded in 1984 and has offices in San Francisco, New York, and London. The firm focuses on a single private equity strategy and chooses to further drive focus by building a concentrated portfolio of its best ideas.
According to the press release, the firm deploys large-scale equity investments in high-quality, growing companies in developed markets, primarily in the U.S. and Europe, acr...................... To view our full article Click here
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