Chelsea Stevenson
The acquisition marks HGGC’s first from its second fund, which is targeting $1bn.
The fund of funds manager lost longtime director Cheryl Maliwanag in January.
The Boston-based firm is targeting $600m for its fourth buyout fund.
The $14 billion system also plans to commit $80m to real estate funds this year.
The firm sold the UK-based manufacturer last August in a deal that was valued at up to $1.6bn.
The firm has deployed more than $350m from its energy income and growth strategy.
The healthcare-focused firm is seeking $300m for its Ampersand 2014 Limited Partnership.
The Chicago-based firm closed its Pacific Street Fund III on its target.
The firm has added to its operating team by hiring Michael Schrock as a senior advisor.
The $33bn system committed to Vista Equity Partners and five mid-market funds.