- Healthcare-focused private equity firm Peloton Equity announced it has closed a second fund called Peloton Equity II, L.P. with $152.25 million in limited partner and general partner commitments
Healthcare-focused private equity firm Peloton Equity announced it has closed a second fund called Peloton Equity II, L.P. with $152.25 million in limited partner and general partner commitments. And Fund II will seek to continue Peloton’s strategy of investing growth capital in innovative healthcare companies and partnering with management teams to achieve accelerated growth and value creation.
Peloton invests across a wide range of healthcare sectors with a focus on differentiated companies that it believes are positioned to benefit from secular industry tailwinds. And with the close of Fund II, Peloton will have the capital available to make several new portfolio company investments and support follow on investments in its existing portfolio companies.
Peloton is also welcoming a group of five Operating Partners for Fund II. Tom Bailey, Kevin Hill, Ted Hull, Keith Longson, and Albert Prast — who all bring experience and company-building know how that is complementary to Peloton’s investment team and specifically relevant to companies and sectors Fund II will target.
The commitments to Fund II came from a variety of investors, including healthcare organizations, financial institutions, fund of funds, family offices, and individuals. And the investment professionals have also committed to invest a significant amount of personal capital alongside the fund.
The investment team at Peloton has been investing together for over a decade and has over 70 years of combined experience investing in the healthcare industry. And the Peloton team has been responsible for over 30 healthcare company investments and 25 realizations.
Peloton targets companies with between $20 million and $200 million of revenue at investment and seeks to be a significant investor in its portfolio companies. And Peloton seeks companies with high growth potential, driven by a clear value proposition to the healthcare industry. Peloton targets revenue growth of between 3 and 5 times over the life of its investment.
KEY QUOTES:
“We are excited to announce the final close on Fund II. We are grateful for the strong support we received from our existing investors and the new institutional limited partners that committed to Peloton’s growth capital investing strategy.”
— Ted Lundberg, Co-Founder and Managing Partner of Peloton Equity
“Our experience and deep network of healthcare industry relationships enable Peloton to identify the market trends and companies that we believe are sustainable and will drive the industry forward. We are gratified to see the team’s strategy resonate with investors.”
— Carlos Ferrer, Co-Founder and Partner at Peloton
