The Vistria Group has announced the closing of its fourth fund, Vistria Fund IV, with $2.68 billion of capital commitments.

The fund was oversubscribed, closing at its hard cap and surpassing its target of $1.5 billion.

Vistria stated that it now manages more than $6.5 billion in institutional capital across its funds and co-investment vehicles.

The Vistria Group, based in Chicago, focuses on making investments in middle market companies in healthcare and a few other industries. Founded in 2013, the firm pursues control and minority equity investments and prefers to make more substantial investments from a dollars perspective in companies with at least $100 million in revenue.