Latticework Capital Management (LCM), a growth-oriented private equity firm focused exclusively on making control equity investments in the healthcare industry, announced the final closing of LCM Healthcare Fund II. With total commitments of $345 million, Fund II exceeded the $275 million target. And it added a diverse group of global investors, including leading endowments, family offices, and funds of funds.
Consistent with the predecessor funds, Fund II will target control investments in lower middle market healthcare companies that are founder-led and seeking a partner to accelerate growth. And LCM focuses on subsectional opportunities where the firm can create value through organic growth initiatives and accretive add-on acquisitions, driving value to customers and the healthcare ecosystem.
With the closing of Fund II, LCM has had over $550 million since the firm’s founding. Over the last nine years, LCM has also completed 11 platform transactions and 120 add-on acquisitions to support the portfolio’s growth.
Acalyx Advisors served as the exclusive placement advisor. And Hogan Lovells US served as legal counsel to Latticework.
KEY QUOTES:
“We are incredibly grateful for the support of both new and returning limited partners and look forward to building off the success of our previous funds. This is an important milestone for the firm, particularly given the ongoing challenges of the fundraising environment, and we are excited to continue leveraging our expertise and experience to take advantage of the tremendous opportunities in lower middle market healthcare.”
– Kyle Bradford, Managing Partner and co-founder of Latticework
“We have a demonstrated track record of building partnerships with founders and entrepreneurs to grow their businesses both organically and strategically while ensuring we remain aligned with our value creation plans. The contributions of our partners, strategic advisors and the entire Latticework team remains a critical part of ensuring our collective success.”
– Steve Neumann, Managing Partner and co-founder of Latticework
