NEW YORK: FTV Capital, a firm focused on growth-equity bets, has amassed more than US$4bil for two new funds, as it aims to capitalise on a dearth of initial public offerings (IPOs) that has led fast-growing companies to seek capital elsewhere.
The firm closed on US$3.4bil for FTV VIII, marking its largest fund to date and eclipsing the US$2.3bil it collected in 2022, executives said.
