Eir Partners Capital, LP announced it has closed its third private equity fund with $1 billion in total commitments, exceeding an initial target of $800 million and doubling the size of its prior fund.
The Miami-based firm, which focuses on healthcare technology and tech-enabled services, said Fund III was raised in roughly three months with backing from a mix of endowments, foundations, family offices, pension funds and insurance companies, alongside returning limited partners. Eir also said it maintained a “substantial” general partner commitment in the fund as part of its approach to aligning interests with investors.
Founder and CEO Brett Carlson said the firm has continued to execute deals across market cycles and intends to use Fund III to build and scale platform companies in healthcare sectors spanning payer, provider, employer and pharma technology.
Since launching in 2015, Eir said it has completed more than 50 transactions across 14 platform investments. With Fund III, the firm said it has raised $1.8 billion to date, including Fund II, which closed at $496 million in 2024, and its inaugural fund, which closed at $255 million in 2021.
Support: Lazard Frères served as exclusive placement advisor for Fund III, and Cooley acted as legal counsel in the fund’s formation.
KEY QUOTES
“Since our founding, regardless of market cycles, we have been able to execute deals and find unique ways to build strategic platforms that bring differentiated products to market. Our proven track record of scaling mid-stage growth businesses makes us an appealing partner for institutional investors that want exposure to the next generation of category leaders and disruptors. As we prepare to deploy Fund III, we are honored by the confidence and trust our limited partners have shown us and grateful to the new investors who have joined the Eir community.”
Brett Carlson, Founder and Chief Executive Officer, Eir Partners
