Frazier Healthcare Partners, a dedicated healthcare private equity firm, announced the closing of its latest flagship fund, Frazier Healthcare Growth Buyout Fund XI, L.P. (FHGB XI). FHGB XI was significantly oversubscribed, hitting a hard cap of $2.3 billion of limited partner commitments in six months. FHGB XI will focus on acquiring controlling interests in middle-market healthcare companies.
FHGB XI gained strong support from diverse global limited partners, including prominent public pension funds, financial institutions, sovereign wealth funds, corporate pensions, family offices, foundations, and endowments.
Frazier’s team includes 24 investment professionals who collaborate with executives and advisors to identify trends across healthcare and develop highly curated investment theses. And Frazier’s Center of Excellence (CoE), a dedicated portfolio operations team of 22 experienced professionals, brings functional expertise in areas the firm believes are critical to promoting sustained growth.
KEY QUOTES:
“We are humbled and deeply grateful for the long-standing support, trust and partnership from our existing limited partners, and the overwhelming interest from new investors, particularly given the challenging fundraising environment. We believe our more than 30 years of industry experience, healthcare focus and differentiated approach of pairing high-conviction themes with proven executives resonated with investors.”
– Nader Naini, co-managing partner at Frazier
“Frazier’s ability to identify emerging industry trends in advance of the broader market, and our thesis-driven Executive in Residence (EIR)-centric model, provide us with a distinct advantage. Our sustained access to proven executive talent is paired with these investment theses to build sustainable healthcare companies that play into these themes. This fundraise reflects the trust we have built with our limited partners and our track record of developing category-leading companies while validating our unique healthcare investment strategy.”
– Ben Magnano, co-managing partner at Frazier
