Havencrest Capital Management, a Dallas-based healthcare private equity firm, is pleased to announce the final closing of its second private equity fund, Havencrest Healthcare Partners II. Fund II, which was oversubscribed, closed at its hard cap of $356m, exceeding the $300m target.
Consistent with the strategy that Havencrest executed in its prior fund, Fund II will exclusively focus on investing in healthcare companies in the United States. Havencrest seeks to partner with top management teams to acquire founder-owned companies and drive value through operating improvements as well as organic and strategic M&A growth initiatives.
New investors contributed approximately $200 million, and Fund II’s re-up rate was 110%. With the closing of Fund II, Havencrest now has assets under management (“AUM”) in excess of $600 million.
Read more: PR Newswire
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