Keensight Capital Raises $3 Billion for Growth Buyouts

European private equity firm Keensight Capital said it has raised €2.8 billion ($3 billion) to invest in technology and health-care companies.

The firm, which focuses on buyouts of profitable high-growth companies, said in a statement Friday the fundraising was significantly oversubcribed. It attracted support from existing limited partners as well as new investors from Europe, North America, the Middle East and Asia.

Keensight raised €1 billion for its last vehicle in 2019. Backers of private equity funds are becoming increasingly selective about where they park their cash, turning either to firms with niche specializations or large asset managers that provide ...