Blackstone invests in PE firm Great Hill Partners

Blackstone GP Stakes, a unit of $731 billion Blackstone () that acquires ownership stakes in asset managers, announced a new minority ownership interest in Great Hill Partners.

Boston-based Great Hill over the past two decades has raised $8 billion in capital and invested in more than 90 companies. The private equity firm targets investments of $25 million to $500 million in high-growth companies across the software, digital commerce, financial technology, healthcare and digital infrastructure sectors.

“We are excited to welcome Blackstone, one of the most highly regarded and respected firms in the alternative investment . . .

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