FTV Capital Closes $700M Growth Equity Fund

Law360, New York (March 25, 2014, 1:52 PM EDT) -- Growth equity investment firm FTV Capital on Tuesday said that it has closed its fourth fund, FTV IV LP with $700 million of limited partner commitments, surpassing the fund's initial target by about $200 million.

FTV Capital has raised almost $2 billion across four funds since its launch in 1998. On Tuesday, the firm said that it will continue to focus on "high-growth" companies. The firm noted that it always attempts to be the first institutional investor in its target companies — which include companies with between $10 million and $100 million in revenue that are growing by at least 20...

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