Century City-based private equity firm Varsity Healthcare Partners closed its latest fund with total capital commitments of $700 million, which exceeds the firm’s designated hard cap of $650 million.
Varsity Healthcare Partners, a lower middle-market firm focused on health care services, has been raising funds to invest into smaller businesses in the form of founders, entrepreneurs and management teams. According to Varsity, the firm’s fund attracted a diverse mix of foreign and domestic clients including insurance companies, pensions, endowments, foundations, and sovereign wealth funds, all of which hope to benefit from VHP’s investments.
The firm solely targets multisite health care provider platforms or businesses providing outsourced services, technology or tools to health care providers and payers, The Los Angeles Business Journal reports. Read more.
