Spectrum Equity raises $951 mln for fund VII, crushes target

Spectrum Equity quickly blew past the target for its latest fund.

The growth equity firm has raised $951 million from 80 investors for Spectrum Equity VII, according to a July 3 SEC filing. Just last month it said it planned to raise $800 million.

The new filing shows the hard cap for Fund VII as $1 billion.

The managing directors of the Fund VII general partnership are Brion Applegate, William Collatos, Randy Henderson, Christopher Mitchell, Victor Parker Jr., James Quagliaroli and Benjamin Spero, according to the filing.

See peHUB’s prior coverage of Fund VII here.

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