Assured Healthcare Partners (AHP) has held an above target and above initial cap closing of its latest fund, AHP Fund II LP, with $750 million of capital. Like its first fund, Fund II will continue to invest in North American-based healthcare service companies.
The new fund was supported by existing investors and several new limited partners including pension plans, insurance companies, funds of funds, endowments, foundations, and family offices.
AHP was formed in early 2021 as a spin-out – backed by AlpInvest Partners (part of Carlyle Group) – and as a continuation of the healthcare investment strategy of BlueMountain Capital Management. With the close of Fund II, AHP’s second institutional fund, the firm’s capital raised now totals more than $1.3 billion.
“We continue to appreciate the thoughtful engagement and support from our investors who seek a differentiated, non-commoditized approach to investing in the healthcare markets,” said Jim Pieri, the managing partner and founder of AHP. “We believe our collaborative investment process, combined with the domain experience of AHP’s complementary team and exceptional leaders harvested from our network built over many years, makes us well positioned to unlock shared value for investors and companies. We continue to be excited for Fund II’s opportunity set given the value creation and growth prospects we see across the middle market in healthcare services.”
AHP engaged Evercore, Eaton Partners and Snowbridge Advisors as its placement agents and advisors on this fundraise, with law firm Latham & Watkins providing legal services.
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