GTCR Golder Rauner, a Chicago-based private equity firm, has raised a new $2.75bn (€2.2bn) fund, $500m more than its initial target, in a strong year for fundraising.

GTCR Golder Rauner originally set out to raise $2.25bn for its ninth fund, but found, as have many other private equity firms this year, that investor appetite for alternative assets allowed it to beat that target.