Palo Alto, California private equity firm HGGC has closed its fund with $1.33 billion in capital commitments.

The firm surpassed its initial $1 billion target for the fund, which had a first close in spring 2014 with about $500 million to support the firm's acquisitions of Serena Software and Auto Alert, and then a second close in December at around $1 billion, according to HGGC CEO Rich Lawson.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.