Laurence Tosi’s WestCap Raises $2.25 Billion for Latest Fund

WestCap, a firm led by Laurence Tosi, the former chief financial officer of both Airbnb Inc. and Blackstone Inc., has raised about $2.25 billion for its latest vehicle dedicated to growth equity bets, according to people with knowledge of the matter.

The fund, known as WestCap Strategic Operator Fund II LP, is preparing to hold a final close in the first quarter of 2022, said the people, who requested anonymity discussing information that isn’t yet public. The fund, which may have raised as much as $3 billion by the time it closes, has five years to make investments, ...