Great Hill Partners Closes $7 Billion Fund IX
September 7, 2025, 9:35 pm
Location: United States, Massachusetts, Boston
Employees: 51-200
Founded date: 1998
Great Hill Partners closed its ninth growth buyout fund, Fund IX, at $7 billion. The private equity firm surpassed its target, securing capital globally. It now commands over $19 billion since 1998. Fund IX targets rapidly growing companies across software, financial services, healthcare, consumer, and business services. Leadership saw key appointments. Michael Kumin transitioned to Senior Advisor. This bolsters Great Hill's position in complex global markets. The firm drives value creation. It seeks transformative opportunities in middle-market growth buyouts. This new fund underscores investor confidence. It empowers future strategic investments. Great Hill continues its legacy of impactful growth.
Great Hill Partners has announced a major capital raise. Its ninth flagship growth buyout fund, Great Hill Equity Partners IX, L.P., closed at $7 billion. This achievement marks a significant milestone for the private equity firm. It reflects robust investor confidence. The fund significantly exceeded its initial $5 billion target. It hit its hard cap swiftly. This rapid fundraising success underscores strong market demand.
The Boston and London-based private equity firm focuses on high-growth companies. This latest fundraise expands its investment capacity. Great Hill has now raised over $19 billion in commitments. This cumulative capital spans since its founding in 1998. The firm continues its powerful trajectory. It reinforces its position as a leading growth investor.
Fund IX follows Great Hill Equity Partners VIII. That predecessor fund closed in January 2022. It secured $4.65 billion in commitments. The new fund maintains the firm's successful strategy. It targets middle-market growth buyouts. This approach seeks companies scaling rapidly. It focuses on businesses reshaping their industries.
Great Hill's investment strategy is clear. It identifies companies with strong growth potential. The firm provides capital and strategic support. Its goal is to accelerate value creation. Operational agility is key. Innovation drives long-term returns. This strategy has proven effective across multiple market cycles.
The new fund will deploy capital across specific, high-opportunity sectors. Software remains a core focus. Financial services companies also draw significant interest. The healthcare sector presents vital investment prospects. Consumer businesses with strong market traction are targeted. Business services firms completing industry transformation also feature. These sectors are ripe for disruption. They offer significant growth pathways.
A diverse global investor base backed Fund IX. Commitments flowed from North America. Europe also contributed substantially. Asia, the Middle East, South America, and Australia provided capital. This broad appeal highlights Great Hill's international reach. It demonstrates its global reputation.
The investor roster included major institutions. Public pension funds participated. Private pensions also committed capital. Sovereign wealth funds joined. Endowments and foundations provided support. Insurance companies were key investors. Healthcare systems also invested. Institutional fund managers showed confidence. Family offices and high-net-worth individuals rounded out the base. Many of these limited partners are repeat investors. Their continued support signals consistent performance. It validates Great Hill’s collaborative partnerships.
Key leadership updates coincide with the fund's launch. Longtime Managing Directors gained new roles. Chris Busby, Nick Cayer, Rafael Cofiño, and Drew Loucks ascended. They now serve on the firm’s Executive Committee. They join existing members Chris Gaffney, Mark Taber, and Matt Vettel. These appointments ensure continuity. They leverage deep experience. Such leadership bolsters the firm's investment philosophy.
Michael Kumin, a veteran Executive Committee member, transitioned. He moved into a Senior Advisor role. Kumin will maintain responsibilities for prior funds. He will actively manage his existing portfolio companies. This strategic shift ensures ongoing expertise. It supports a seamless transition.
The closing of Fund IX occurs during a complex global landscape. Private equity firms navigate shifting market dynamics. Evolving consumer behavior presents challenges. Rapid technological change demands adaptability. Great Hill's approach is well-suited for this environment. It rests on deep sector expertise. Hands-on value creation is a hallmark. Focus on scalable business models drives success.
Great Hill positions itself to thrive. The firm identifies transformative potential. It supports companies throughout their growth journey. This has defined its strategy. Fund IX is expected to continue this legacy. It will seek out pioneering businesses.
With fresh capital, Great Hill stands ready. A strengthened leadership team adds further power. The firm deepens its impact across target sectors. It will continue to find companies. These businesses must grow quickly. They must transform how industries operate.
Great Hill will help portfolio companies reach new heights. This occurs through organic expansion. Strategic acquisitions are also vital. Operational improvements drive efficiency. The firm aims for strong returns for its investors. Its focus remains on long-term value creation. This $7 billion fund empowers that mission. It ensures Great Hill’s continued market leadership. The firm delivers on its promise.
Great Hill Partners has announced a major capital raise. Its ninth flagship growth buyout fund, Great Hill Equity Partners IX, L.P., closed at $7 billion. This achievement marks a significant milestone for the private equity firm. It reflects robust investor confidence. The fund significantly exceeded its initial $5 billion target. It hit its hard cap swiftly. This rapid fundraising success underscores strong market demand.
The Boston and London-based private equity firm focuses on high-growth companies. This latest fundraise expands its investment capacity. Great Hill has now raised over $19 billion in commitments. This cumulative capital spans since its founding in 1998. The firm continues its powerful trajectory. It reinforces its position as a leading growth investor.
Fund IX follows Great Hill Equity Partners VIII. That predecessor fund closed in January 2022. It secured $4.65 billion in commitments. The new fund maintains the firm's successful strategy. It targets middle-market growth buyouts. This approach seeks companies scaling rapidly. It focuses on businesses reshaping their industries.
Great Hill's investment strategy is clear. It identifies companies with strong growth potential. The firm provides capital and strategic support. Its goal is to accelerate value creation. Operational agility is key. Innovation drives long-term returns. This strategy has proven effective across multiple market cycles.
The new fund will deploy capital across specific, high-opportunity sectors. Software remains a core focus. Financial services companies also draw significant interest. The healthcare sector presents vital investment prospects. Consumer businesses with strong market traction are targeted. Business services firms completing industry transformation also feature. These sectors are ripe for disruption. They offer significant growth pathways.
A diverse global investor base backed Fund IX. Commitments flowed from North America. Europe also contributed substantially. Asia, the Middle East, South America, and Australia provided capital. This broad appeal highlights Great Hill's international reach. It demonstrates its global reputation.
The investor roster included major institutions. Public pension funds participated. Private pensions also committed capital. Sovereign wealth funds joined. Endowments and foundations provided support. Insurance companies were key investors. Healthcare systems also invested. Institutional fund managers showed confidence. Family offices and high-net-worth individuals rounded out the base. Many of these limited partners are repeat investors. Their continued support signals consistent performance. It validates Great Hill’s collaborative partnerships.
Key leadership updates coincide with the fund's launch. Longtime Managing Directors gained new roles. Chris Busby, Nick Cayer, Rafael Cofiño, and Drew Loucks ascended. They now serve on the firm’s Executive Committee. They join existing members Chris Gaffney, Mark Taber, and Matt Vettel. These appointments ensure continuity. They leverage deep experience. Such leadership bolsters the firm's investment philosophy.
Michael Kumin, a veteran Executive Committee member, transitioned. He moved into a Senior Advisor role. Kumin will maintain responsibilities for prior funds. He will actively manage his existing portfolio companies. This strategic shift ensures ongoing expertise. It supports a seamless transition.
The closing of Fund IX occurs during a complex global landscape. Private equity firms navigate shifting market dynamics. Evolving consumer behavior presents challenges. Rapid technological change demands adaptability. Great Hill's approach is well-suited for this environment. It rests on deep sector expertise. Hands-on value creation is a hallmark. Focus on scalable business models drives success.
Great Hill positions itself to thrive. The firm identifies transformative potential. It supports companies throughout their growth journey. This has defined its strategy. Fund IX is expected to continue this legacy. It will seek out pioneering businesses.
With fresh capital, Great Hill stands ready. A strengthened leadership team adds further power. The firm deepens its impact across target sectors. It will continue to find companies. These businesses must grow quickly. They must transform how industries operate.
Great Hill will help portfolio companies reach new heights. This occurs through organic expansion. Strategic acquisitions are also vital. Operational improvements drive efficiency. The firm aims for strong returns for its investors. Its focus remains on long-term value creation. This $7 billion fund empowers that mission. It ensures Great Hill’s continued market leadership. The firm delivers on its promise.