Golden Gate Capital, a San Francisco-based early and mid-stage private equity firm founded by two ex-Bain Capital executives, has closed its second fund at $1.8bn (€1.5bn), 2.5 times the amount raised in its first.

Jesse Rogers and David Dominik founded Golden Gate in 2000. Its first fund raised $700m in March 2001 and now has between $20m and $80m invested in 19 companies with no announced exits.