Great Hill Partners sets up new hub in London

• Great Hill’s Drew Loucks, MD, will lead the new office and grow the London team
• Great Hill has raised over $12 billion of commitments and invested in more than 95 companies
• The firm is based Boston, Massachusetts

Great Hill Partners has opened a London office to support its investment activity in the UK and Europe.

Great Hill’s Drew Loucks, MD, will lead the new office and grow the London team, the release added.

The new office will serve as Great Hill’s regional hub for the UK and Europe, providing the firm with a local presence, access to investment opportunities, and resources for portfolio companies, according to a release.

“With a presence in London, we believe we can further bolster our investment activity throughout Europe as well as strengthen our ability to support our US-based portfolio companies as they look to potentially expand their businesses overseas,” said Loucks.

Great Hill recently invested €180 million to merge Germany-based Echobot, and Finland-based Leadfeeder, the release said.

Great Hill, based in Boston, Massachusetts, is a private equity firm that targets investments of $100 million to $500 million in high-growth companies across the software, digital commerce, financial technology, healthcare, and digital infrastructure sectors. The firm has raised over $12 billion of commitments and invested in more than 95 companies.