Growth buyout private equity firm

Great Hill Partners

At a glance

Latest fundGreat Hill Equity Partners IX, $7B (Sep 2025) S4
Check size$100M to $750M S2
Deal typesPlatform, Add-on, Minority, Growth S2
SectorsSoftware & SaaS, Healthcare Services, IT Services & MSP, Wealth Management, Consumer & Food, Education

What Great Hill Partners buys

Great Hill Partners is a Boston growth buyout firm, founded in 1998, with a second office in London. It backs fast-growing companies in five areas: technology, financial services, healthcare, business services and consumer. Its published criteria call for companies past the early stage that are growing at least 15% a year and are worth less than $1.25 billion. It invests $100 million to $750 million per deal and will take either a majority or a minority stake. In September 2025 it closed its ninth fund at $7 billion, well above its $5 billion target, and it has raised more than $19 billion since 1998.

Most of its deals are software and tech-enabled services, but it also owns healthcare providers such as Intuitive Health and Blue Cloud Pediatric Surgery Centers and franchise brands such as Woof Gang Bakery & Grooming. Its check size puts it well above most founder-owned companies. A smaller business is more likely to meet Great Hill as an add-on, as Embold Health and CirrusMD did when they joined Quantum Health.

Recent deals

Announced in the 24 months before October 20, 2026.

DateCompanyTypeSectorSource
Sep 2026AurenityStrategic investment in a Connecticut managing general agent for excess and surplus insurance; the founding investor and management keep large stakesGrowthSource
Jun 2026Woof Gang Bakery & GroomingGrowth investment in the pet grooming franchise alongside existing investor Garnett Station PartnersGrowthConsumer & FoodSource
Mar 2026CirrusMDVirtual care company bought by Quantum HealthAdd-onHealthcare ServicesSource
Dec 2025loveelectricUK electric vehicle salary sacrifice provider to be bought by PerkboxAdd-onSource
December 2025Motion Picture Licensing CompanyProvider of blanket public performance licenses for film and TV content; investment month taken from Great Hill's company pagePlatformSource
Oct 2025RenGrowth investment in a donor-advised fund technology providerGrowthSoftware & SaaSSource
Oct 2025TodayTix GroupDigital theater ticketing company sold to MARIExitSource
Sep 2025Great Hill Equity Partners IXNinth fund closed at its $7 billion hard cap against a $5 billion targetFund closeSource
Aug 2025Blue Cloud Pediatric Surgery CentersMajority stake in an operator of 32 pediatric dental and oral surgery centers, bought from TPG's The Rise FundPlatformHealthcare ServicesSource
Jun 2025Embold HealthPhysician-led healthcare analytics company to be bought by Quantum HealthAdd-onHealthcare ServicesSource
Jun 2025Peter ParkMajority investment in a Munich digital parking company; the founders roll equity and keep running itGrowthSource
May 2025Vision Government SolutionsMajority recapitalization of a property appraisal and tax software provider to local governmentsPlatformSoftware & SaaSSource
May 2025Mission WealthMinority stake in a Santa Barbara wealth manager that stays majority owned by its employeesMinorityWealth ManagementSource
Dec 2024Mission CloudAWS cloud consulting and managed services provider sold to CDWExitIT Services & MSPSource
Nov 2024Intuitive HealthMajority stake in an operator of 33 combined emergency room and urgent care sites, bought from Altamont Capital PartnersPlatformHealthcare ServicesSource
Nov 2024PaytronixRestaurant guest engagement software company to be sold to The Access GroupExitSoftware & SaaSSource
Oct 2024BigChangePartial sale of the field service software company to Simpro Group; Great Hill keeps a minority stakeExitSoftware & SaaSSource

Portfolio by sector

From the firm's portfolio page S3.

Business Services

  • Custom Ink
  • Evolve IP
  • Jumio
  • Meazure Learning
  • Motion Picture Licensing Company
  • Peter Park
  • Prodege
  • Second Nature
  • Storyblocks

Consumer

  • Bombas
  • Woof Gang Bakery & Grooming

Financial Services

  • Aurenity
  • Mission Wealth
  • Network Merchants
  • One Inc
  • Ren
  • Vanco
  • VersaPay

Healthcare

  • Blue Cloud Pediatric Surgery Centers
  • Clearwave
  • Intuitive Health
  • ParetoHealth
  • Quantum Health
  • RxBenefits

Technology

  • Auvik
  • BigChange
  • Blue Ridge
  • Domino Data Lab
  • EnterpriseDB
  • Enumerate
  • Fusion Risk Management
  • Leadfeeder
  • Perkbox
  • Terminus
  • Totango
  • Varicent
  • Vision Government Solutions

Greymont’s take

How Great Hill Partners fits a seller

Great Hill suits founders of larger, fast-growing companies who want a growth partner and may not want to sell everything. It takes minority stakes, as with Mission Wealth in May 2025, which stayed majority owned by its employees, and it often invests next to an existing backer, as it did with Garnett Station Partners at Woof Gang. Founders often roll equity and keep running the business, as Peter Park's founding team did in 2025.

The bar is high. The firm wants at least 15% annual growth and invests $100 million or more, so a typical lower middle market business will not fit as a new platform. IT managed services owners should note it built Mission Cloud into a large AWS services provider and sold it to CDW in December 2024. An owner should ask whether a deal would be majority or minority and who the likely next buyer is; recent exits went to CDW, The Access Group and MARI.

Questions owners ask

How big an investment does Great Hill make?

Its published criteria list investments of $100 million to $750 million in companies valued at under $1.25 billion that are growing at least 15% a year. It will take majority or minority positions.

Does Great Hill invest in IT services or managed service providers?

Yes, though most of its technology deals are software. It currently owns Evolve IP, which provides cloud, contact center and managed network services, and it sold AWS managed services provider Mission Cloud to CDW in December 2024.

Will Great Hill take a minority stake?

Yes. Its criteria allow majority or minority stakes, and in May 2025 it made a minority investment in Mission Wealth, a Santa Barbara wealth manager that remains majority owned by its employees.

What is Great Hill's latest fund?

Great Hill Equity Partners IX closed in September 2025 with $7 billion of commitments, beating its $5 billion target. The firm says it has raised more than $19 billion since 1998.

Sources

  1. S1Great Hill Partners home page Accessed October 20, 2026
  2. S2Great Hill Partners: About (investment criteria) Accessed October 20, 2026
  3. S3Great Hill Partners: Our Companies, unrealized Accessed October 20, 2026
  4. S4Great Hill Partners Closes Ninth Growth Buyout Fund on $7 Billion of Committed Capital (September 3, 2025) Accessed October 20, 2026
  5. S5Great Hill Partners Announces Strategic Investment in Aurenity (September 1, 2026) Accessed October 20, 2026
  6. S6Great Hill Partners: In the News Accessed October 20, 2026
  7. S7Great Hill Partners: Evolve IP Accessed October 20, 2026
  8. S8Great Hill Partners Announces Sale of Mission Cloud to CDW (December 2, 2024) Accessed October 20, 2026
  9. S9Mission Wealth Announces a Strategic Investment from Great Hill Partners (May 1, 2025) Accessed October 20, 2026
  10. S10Great Hill Partners: Second Nature Accessed October 20, 2026

Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Great Hill Partners. Figures are as reported on the dates shown and may have changed. Request a correction

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