Great Hill Partners has announced the completion of its fundraising for Great Hill Equity Partners VIII with total commitments of $4.65 billion.

The fund exceeded the original $3.5 billion target. The fundraise process launched in September 2021.

Great Hill Partners, based in Boston, seeks to invest in middle market companies in several sectors, including healthcare technology. Founded in 1998, the firm typically invests $25 million to $200 million in equity in each investment, targeting companies with an enterprise value of $25 million to $500 million.

Great Hill indicated it has now raised more than $12 billion in commitments since its founding.