1 Minute Read by Reuters Staff 15 JULY (Reuters) – Hellman & Friedman announced on Thursday that it has closed a $24.4 billion fund, the firm’s largest ever, allowing it to continue focusing on large-scale investments. The PE firm’s tenth fund, Hellman & Friedman Capital Partners X, was “substantially oversubscribed and reached its hard cap,” it stated. H&F has also made a $1.8 billion investment to the fund. According to H&F, the new fund raises the firm’s total assets under management and committed capital to over $80 billion. PE firms in general are raking in large sums from investors, allowing them to pursue new agreements and acquisitions in the face of skyrocketing target company valuations. So far in 2021, KKR & Co has raised $18.5 billion and Bain Capital has raised $11.8 billion for their respective flagship North American buyout funds from outside investors and employees. Nivedita Balu in Bengaluru and David French in New York contributed reporting, while Krishna Chandra Eluri edited the piece./n
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