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Laxman Pai, Opalesque Asia:

Chicago-based alternative investment firm Linden Capital Partners has closed Linden Capital Partners VI, its latest buyout fund, at $5.4 billion.

A news release from the largest dedicated healthcare private equity manager said the healthcare-focused buyout fund closed well above its $4.5 billion target and initial $5 billion hard cap. Linden Capital Partners V had closed at $3 billion.

Investors include the New York State Teachers' Retirement System, which committed $200 million, and the Texas County & District Retirement System, which invested $75 million. Linden Capital Partners VI beat its $4.5 billion target and vaulted past its predecessor fund, which closed at $3.0 billion in 2021.

"Fund VI is a defining accomplishment for Linden," said Tony Davis, Linden Co-Founder and President. "Through the successful raise of our largest fund to date, we are excited to play an even more impactful role in shaping the future of healthcare and look forward to continuing to drive strong outcomes for our investors, management teams, and healthcare stakeholders. In a difficult fundraising market, the scale of Fund VI, the pace of the raise at just under nine months, and the expansion of our investor base reflect the confidence investors have in our firm, and we are grateful for that support."

As per the release, Fund VI will continue Linden's strategy of seeking to drive long-term, sustainable growth through integrated operational experi......................

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