Avista Capital Partners – a leading New York-based private equity firm focused exclusively on healthcare – announced the final closing of Avista Healthcare Partners VI at $1.5 billion. The Fund – which significantly exceeded its $1.25 billion target – represents one of the largest pools of private capital focused on investments across high-growth middle-market product and technology healthcare companies in North America and Europe.
Fund VI continues Avista’s successful strategy, utilizing the firm’s deep domain knowledge and expertise to drive value creation and growth in product and technology healthcare businesses. Avista features a highly experienced team of more than 30 professionals, including dedicated strategic operating executives with vast operational expertise at some of the world’s leading healthcare companies.
Avista’s founders and partners have been investing together for decades – having established a differentiated track record across multiple business cycles and the Firm’s core healthcare sub-sectors (outsourced pharma & medtech services; consumer healthcare; medical devices; specialty & generic pharmaceuticals; distribution and diagnostics; and healthcare technology).
Fund VI is the third dedicated healthcare fund at Avista, and it has already made five healthcare platform investments.
Rede Partners acted as global fundraising agent, and Kirkland & Ellis provided legal counsel for Avista.
KEY QUOTES:
“We are greatly appreciative of the overwhelming support from our existing limited partners and our new investors. The closing of Fund VI is an endorsement of our long-held strategy of identifying and accelerating growth-oriented healthcare businesses with strong secular tailwinds. It also firmly recognizes the strong alignment of interest with our investors and Avista’s unique ability to consistently generate outsized performance regardless of market dynamics. With a compelling pipeline of investment opportunities and an incredible Avista team, we look forward to driving growth and building lasting value in partnership with our investors, managers, employees and portfolio companies.”
- David Burgstahler, Chief Executive Officer of Avista
“We thank all our limited partners for the confidence they have placed in our team, and the efficiency with which they made their commitments. We are honored to have raised a fund that is 25% larger than our prior fund, comprised of a diverse set of investors from leading public and private pension funds, university endowments and foundations, family offices, insurance companies and asset managers across North America, Europe, Asia and the Middle East.”
- Amanda Heravi, Head of Investor Relations at Avista
