CryptocurrencyInvestingBanksReal Estate

Hellman & Friedman raises $10 billion

September 30, 2014, 8:34 PM UTC
money exchanging hands payment
Photograph by Hans Neleman—Getty Images

Private equity giant Hellman & Friedman has raised nearly $10 billion toward its next flagship fund, according to a regulatory filing.

It is unclear if this represents a final close for the fund, which already is larger than any other Hellman & Friedman has raised in its 30-year history. Bloomberg had reported earlier this year that the San Francisco-based firm was seeking to raise a total of $10.25 billion, compared to the $8.4 billion pool it collected just before the financial crisis in 2007.

Hellman & Friedman’s most recent deal was an acquisition of California-based supermarket chain Grocery Outlet Inc., which reportedly was valued north of $1.1 billion. Other current portfolio companies include Catalina Marketing, HUB International, Kronos, Scout24 and Sheridan Healthcare.

The firm declined comment.

Sign up for our daily newsletter on deals & dealmakers: