Consonance Capital raises $1.35bn for oversubscribed third healthcare fund
Healthcare focused private investment firm Consonance Capital Partners has closed its third private equity fund with $1.35bn in commitments, reaching its hard cap following an oversubscribed fundraising process that took less than four months.
Consonance Capital Partners, a healthcare-focused private investment firm, has successfully closed its third private equity fund with $1.35 billion in commitments, reaching its hard cap following an oversubscribed fundraising process that concluded in less than four months. The newly established Consonance Private Equity III will target lower and middle-market healthcare businesses within the United States, adhering to the investment strategy employed by the firm's predecessors.
The fund has garnered significant backing from existing limited partners, as well as a select group of new investors. Its investor base consists of endowments, foundations, pension plans, and financial institutions from various global markets. Consonance emphasized that the successful fundraising outcome reflected investor confidence in their team, investment strategy, and track record, as well as their established relationships with limited partners and portfolio company management teams.
The firm's focus lies on businesses aiming to enhance healthcare efficiency, control costs, and deliver high-quality patient care. Its investment approach encompasses growth equity, leveraged buyouts, corporate carve-outs, recapitalizations, and special situations. Monument Group served as the global placement agent for the fund, while Latham & Watkins acted as legal counsel during the fundraising process.
Written by urgent.news from Private Equity Wire's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
