San Francisco private equity firm FFL Partners has closed a $2 billion fund.
The fund, FFL Capital Partners IV, exceeded its $1.5 billion target and raised investments from pension funds, endowments, foundations, family offices and $75 million from the FFL team. Washington State Investmetn Board is also an investor, according to their website. With three investments already under its belt, the fund is 24 percent invested. Mergers & Acquisitions reported that FFL was fundraising in May.