FTV Capital said it closed an oversubscribed an $850 million fifth fund, according to a press release

FTV V will continue to invest in companies in enterprise technology & services, financial services, and payments and transaction processing. The firm has now raised a total of $2.7 billion and invested in 92 portfolio since its beginnings in 1998.

The firm targets profitable companies with $10 million to $100 million in revenue, 20 percent annual revenue growth or greater, and blue chip enterprise customers, the release said.