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Alternative Assets  + Private Equity  | 
Olympus Partners Closes $3.5B Eighth Private Equity Fund 

Olympus Partners Closes $3.5B Eighth Private Equity Fund 

Olympus Partners, a Stamford, CT-based private equity firm, announced the successful close of its eighth fund, Olympus Growth Fund VIII, raising $3.5 billion. This marks a step up from its predecessor, Fund VII, which secured $3 billion in 2019.  

The haul for Fund VIII was powered by robust investor demand committed to middle-market buyouts and Olympus’s recent performance. Over the past three years, the firm distributed $6 billion to investors. The firm’s investment strategy spans multiple sectors, with a focus on healthcare, industrials, financial services, and consumer products.  

Since its inception in 1988 under CEO Rob Morris, Olympus Partners has amassed over $12 billion through eight institutional funds. The firm oversees more than $12 billion, predominantly for corporate pension funds, endowments, and state-sponsored retirement programs, echoing the $660 million in mandates recently approved by PSERS. 

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.