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Laxman Pai, Opalesque Asia: Frazier Healthcare Partners, a healthcare private equity and venture capital firm, has closed its eleventh flagship fund with a hard cap of $2.3 billion. This gives the veteran firm its largest pool of capital ever to deploy in growth-buyout deals.
Frazier Healthcare Growth Buyout Fund XI (FHGB XI), the largest in the firm's more than 30-year history was significantly over-subscribed, hitting its hard cap of $2.3 billion of limited partner commitments in six months. FHGB XI will focus on acquiring controlling interests in middle-market healthcare companies.
The dedicated healthcare PE firm based in Seattle, Washington said in a press release that FHGB XI garnered strong support from a diverse group of global limited partners, which include prominent public pension funds, financial institutions, sovereign wealth funds, corporate pensions, family offices, foundations and endowments.
"We are humbled and deeply grateful for the long-standing support, trust, and partnership from our existing limited partners, and the overwhelming interest from new investors, particularly given the challenging fundraising environment," said Nader Naini, co-managing partner at Frazier.
"We believe our more than 30 years of industry experience, healthcare focus, and differentiated approach of pairing high-conviction themes with proven executives resonated with investors," Nader added.
The release said Frazier's team includes 24 investment profession...................... To view our full article Click here
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