FTV Capital Raises $4 Billion for Two Growth Equity Funds (1)

FTV Capital, a firm focused on growth-equity bets, has amassed more than $4 billion for two new funds, as it aims to capitalize on a dearth of initial public offerings that has led fast-growing companies to seek capital elsewhere.

The firm closed on $3.4 billion for FTV VIII, marking its largest fund to date and eclipsing the $2.3 billion it collected in 2022, executives said. Through the new vehicle, which has already committed over $600 million of its capital, FTV will seek to write checks of between $60 million and $300 million.

Separately, FTV raised $651 million for a ...