GTCR has announced it has closed its latest fund with $11.5 billion in commitments.

It includes total limited partner commitments of $11 billion and a commitment from GTCR of approximately $500 million.

The new fund, GTCR Fund XIV, had an initial target of $9.25 billion.

GTCR, based in Chicago, pursues a wide range of investments in several industries, including healthcare. Founded in 1980, the firm prefers to make more substantial investments from a dollars perspective.