RoundTable Healthcare Partners has closed its sixth private equity fund with $800 million in capital commitments.
RoundTable is an operating-oriented private equity firm focused exclusively on the healthcare industry. The firm focuses its investments on family companies, owners and founders, management teams, and corporate partners.
RoundTable’s sixth fund will be managed by Thomas Kapfer, Craig Collister, Andrew Hochman, and Timothy Connors. Mr. Kapfer was the chairman of the management committee for Fund V, and he retains this position for Fund VI. Mr. Collister was a member of the management committees of Funds IV and V. Mr. Hochman was promoted to managing partner earlier this month after joining RoundTable in September 2007 as a vice president.
Mr. Connors joined RoundTable as a managing partner in April 2022. Earlier, he was the chief executive officer of Advantice Health, a Fund IV portfolio company that was sold on April 1, 2022. Mr. Connors will be active in identifying new investment opportunities and monitoring the operational performance of Fund VI’s pharmaceutical and consumer healthcare investments. Messrs. Collister and Hochman will lead the firm’s transaction activities.
With the close of the new fund, RoundTable has announced that Jawwad Akhtar and Phillip Smith, who are active serve on the firm’s transaction team, were both promoted to partner. Mr. Akhtar joined RoundTable in 2011 and focuses on pharmaceutical and consumer health investments. Mr. Smith joined RoundTable in 2009 and focuses on medical product and medical device investments.
“Investing in healthcare companies that can benefit from our operating and transaction expertise has been a proven strategy for RoundTable for more than 20 years now—one that produces attractive deal flow and investment returns, as well as investor loyalty,” said Mr. Kapfer. “As always, we want to thank all of our limited partners for their belief in our strategy and their ongoing commitment and support.”
RoundTable, headquartered north of Chicago in Lake Forest, Illinois, closed its first equity fund of $400 million in March 2002, its second equity fund of $500 million in March 2005, its third equity fund of $600 million in July 2010, its fourth equity fund of $650 million in August 2015, and its fifth equity fund of $700 million in July 2019.
RoundTable has now raised $4.25 billion in capital, including six equity funds totaling $3.65 billion and three subordinated debt funds totaling $600 million.
Davis Polk & Wardwell provided legal services on this fundraise and RoundTable did not use a placement agent.
© 2022 Private Equity Professional | May 10, 2022
