Linden Closes Fund 3 at $750 Million Hard Cap
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Linden Closes Fund 3 at $750 Million Hard Cap

linden nf5Healthcare focused private equity firm Linden Capital Partners has closed its third private equity fund, Linden Capital Partners III, LP at the oversubscribed hard cap of $750 million. The original target for the new fund was $600 million. Fundraising for the new fund took less than 3 months.

Tony Davis nf1“We are very fortunate for and appreciative of the continued support from our investors, including some of the country’s most prestigious endowments, public and private pension funds, financial institutions, and other institutional investors,” said Linden President and Managing Partner, Tony Davis.  “We will continue to execute on our value creation programs as we strategically invest Fund III with our team of operating partners and investment professionals.”

Linden Capital Partners is focused exclusively on leveraged buyouts in the healthcare and life science industries. Linden’s strategy is based upon three elements: healthcare and life science industry specialization; integrated private equity and operating expertise; and strategic relationships with large corporations.  The firm is based in Chicago (www.lindenllc.com).

Marek Herchel nf2Since Linden’s inaugural fund in 2005, the firm has pursued an investment strategy in private equity focused on adding value to middle-market healthcare companies.  “AlpInvest chose to invest with Linden Capital Partners because of Linden’s differentiated approach to healthcare investing,” said Marek Herchel, Managing Director at AlpInvest Partners.  “They have consistently executed their strategy of improving their portfolio companies with the integrated use of operating partners combined with deep industry expertise.  Their historical results demonstrate their winning formula.”

Linden Capital Partners closed its first fund of $200 million in 2005 and its second fund of $375 million in 2010.

Park Hill Group (www.parkhillgroup.com) served as placement advisor and Kirkland & Ellis (www.kirkland.com) served as legal advisor to Linden Capital Partners.

© 2015 PEPD • Private Equity’s Leading News Magazine • 3-6-15

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