Greenwich, Connecticut private equity firm Littlejohn & Co. LLC has closed a fund with $2 billion in committed capital, during the best fundraising climate firms have seen since 2008. 

Littlejohn Fund V LP exceeded its original $1.5 billion target. Littlejohn last raised a $1.34 billion fund in 2010. The new fund's investors include endowments, foundations, public and corporate pension plans, insurance companies, sovereign wealth funds, family offices and institutional investors.

The firm focuses on middle market investments, especially in distressed companies or special situations. In December, the firm agreed to buy Hostway Corp., which provide information technology services to small and medium-sized businesses. Before that, in August, the firm recapitalized Handy Hardware Wholesale Inc. after buying the group out of bankruptcy. 

 The firm is one of many to close a fund recently. On July 14, the Riverside Co. announced that it closed a $350 million micro-cap fund, and on July 10, Frontenac Co. closed a $250 million fund

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