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

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of