Sunstone Partners, a private equity firm headquartered in San Mateo, Calif., has closed its third fund, Sunstone Partners III, at its hard cap of $925 million.

The fund, which more than doubles the total committed capital managed by Sunstone Partners, is the firm’s largest fund to date and brings total committed LP capital to $1.7 billion since inception in 2015. Sunstone Partners will use the fund to focus on growth equity and growth buyout investments in technology services and software companies.

“We have a thesis-based investment approach focused on partnering with exceptional founders to help them scale their businesses and accelerate their growth,” comments Arneek Multani, managing partner at Sunstone Partners. “We look forward to continue adding value to the businesses we invest in by utilizing our sector expertise, providing operational resources to drive growth initiatives, and focusing on follow-on add-on acquisitions.”