The Chicago Growth Partners and its predecessor have raised approximately $1.8 billion since inception across nine funds.

The team had raised and deployed six funds as the core group behind William Blair Capital Partners.

[2] The primary motivation for the departure of the Chicago Growth Partners team from William Blair was to gain access to a more diversified base of institutional investors that was limited by the group's involvement with the investment bank.

The remaining team left William Blair to found two new private equity firms, Seyen Capital and Emerging Market Technology.

In May 2014, Fortune announced that Chicago Growth Partners had abandoned efforts to raise its third fund.