FTV Capital announced today that it has closed its fifth fund — totaling $850 million — a number that brings its total raised over the past 20 years to $2.7 billion.

“We are grateful for the strong support from our existing investors, and we are excited about the opportunity to collaborate with some terrific new limited partners,” said Richard Garman, FTV Capital managing partner and head of the firm’s San Francisco office, in a statement. “We have worked long and hard to build an outstanding team at FTV and an institutionalized model that enables us to deliver consistent returns for our limited partners.”

Founded in 1998, the firm says it focuses on enterprise technology and services, financial services, and payments and transaction processing. FTV argues that the continued shift to mobile and the digitization of a wide range of services will make for interesting investment targets.

Among FTV’s investments, the company has seen at least 12 startups acquired and one IPO. Recent investments include NewsCred and WePay.

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