Havencrest Capital Management, a Dallas-based healthcare private equity firm closed its second private equity fund, Havencrest Healthcare Partners II. Fund II, which was oversubscribed, closed at its hard cap of $356 million, exceeding the $300 million target.
Consistent with the strategy that Havencrest executed in its prior fund, Fund II will exclusively focus on investing in healthcare companies in the United States.
As of Dec. 31, Havencrest’s first fund generated a net Internal Rate of Return (“net IRR”) of 65%, net Multiple of Invested Capital (“net MOIC”) of 3.2x, according to a news release, and a net Distributions to Paid-In Capital (“net DPI”) of over 1.4x. Read more.
