QHP Capital, L.P., the management company for NovaQuest Private Equity, today announced the final close of its private equity investment fund, NovaQuest Private Equity Fund II, LP at $500 million of LP commitments. NQPE II closed at its hard cap, exceeding the fund’s initial target of $425 million, and was fully committed in less than seven months of fundraising. The oversubscribed fund includes commitments from a diverse group of new and returning investors including pension plans, insurance companies, asset managers, private foundations, and family offices.
NQPE utilizes its vast strategic network—including the affiliated fund strategy NovaQuest Product Finance—to invest in tech-enabled Life Sciences and Pharmaceutical Services companies that improve medical outcomes and reduce the overall cost of care. NQPE manages approximately $1.2 billion of assets and has completed seven active platform investments and 11 additional follow-on acquisitions.
Eaton Partners served as the placement agent for NQPE II and Ropes & Gray LLP provided legal counsel.
Read more: Benzinga
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