Buyout Shop Closes $650M Healthcare Fund

Sep 4 2008 | 10:24am ET

Chicago-based Water Street Healthcare Partners has closed its second private equity fund, at $650 million, bringing the firm’s total capital under management to more than $1 billion.

Investors in the fund include a combination of domestic and international pension funds, endowments, financial institutions and fund-of-funds.

Like Water Street’s first fund, the firm’s second fund will focus on investing in middle-market companies and divisions of global companies in healthcare sectors, including diagnostic devices, medical products, pharmaceutical services, specialty distribution, specialty pharmaceuticals and specialty services.

“Health care continues to be an outstanding opportunity for investment as one of the largest and most profitable industries in the U.S.,” said Kip Kirkpatrick, a founding partner of Water Street.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


Hedge Funds Swarm Into Palm Beach

Oct 27 2016 | 2:32pm ET

As the first flakes of snow fall on New York's northern suburbs, Dan Weil of South...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...