Snow Phipps Breaks $600M Mark on Second Fund, Presses On

It’s been a while since we brought you an update on Snow Phipps, which revealed plans in 2009 to raise a $700 million fund, a slight increase from its $620 million fund.

Well, the time has arrived: they’re closing in on that target, after spending more than a year making very few headlines.

According to an S.E.C. filing, Snow Phipps has raised $612.7 million from 63 investors, putting them just shy of their biggest fund ever.

We put a call into Snow Phipps, and will be back with more if they share it with us.