FTV Capital Raises $2.3 Billion for Newest Growth Equity Fund

FTV Capital, a firm focused on growth-equity bets, has raised $2.3 billion for its largest fund to date.

The firm, which has offices in San Francisco and New York, will make investments in the enterprise-technology, financial-services and payments sectors through the vehicle, known as FTV VII LP, executives said in an interview. Bloomberg News in July reported that FTV had begun investor discussions on a record seventh fund.

“The pandemic has been a tailwind for digitization, and I’m excited about the application of new technologies, such as artificial intelligence, to a whole host of solutions,” managing partner Brad Bernstein ...