RoundTable Closes Two New Funds
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RoundTable Closes Two New Funds

roundtable nf1RoundTable Healthcare Partners has closed its fourth equity fund (Fund IV) with $650 million of commitments and its third subordinated debt fund with $200 million of commitments (Capital Fund III).  The firm did not use a placement agent for either of the new funds.

With the closing of Fund IV, RoundTable has added four new partners to the firm.  Pierre Frechette and Thomas Kapfer, CEOs of existing RoundTable portfolio companies, will serve as Senior Operating Partners and focus on the identifying new investment opportunities and oversee the operational performance of the new Fund IV companies.  Richard Adloff, the Chief Financial Officer of three RoundTable portfolio companies, was named Operating Partner and will lead the firm’s finance function.  Andrew Hochman was promoted to Partner and will be active in sourcing pharmaceutical investment opportunities.

lester knight nf1“Our strategy continues to produce strong deal flow and investment returns,” said Lester Knight, one of RoundTable’s founding partners.  “Equity Fund IV and Capital Fund III will allow us to continue our strategy of investing in healthcare companies that can benefit from our strong operating focus.  We thank all of our limited partners for their support and commitment.”

RoundTable Healthcare Partners is an operating-oriented private equity firm focused exclusively on the healthcare industry.  The Chicago-based healthcare investing specialist closed its first equity fund of $400 million in March 2002, its second equity fund of $500 million in March 2005, and its third equity fund of $600 million in July 2010.  The first two capital funds totaling $400 million were closed in July 2006 and July 2010.  The firm was founded in 2001 and is headquartered north of Chicago in Lake Forest, IL (www.roundtablehp.com).

Davis Polk & Wardwell was the legal advisor to RoundTable on this fundraise.

© 2015 PEPD • Private Equity’s Leading News Magazine • 9-8-15

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