SkyKnight Capital announced the final close of SkyKnight Capital Fund V with $2 billion in commitments. The fund closed on July 1, 2026, with backing from endowments, foundations, pensions, family offices, and institutional investors.
Fund V was more than three times oversubscribed in less than six months. SkyKnight said the fund also saw more than 100% net retention from existing limited partners, continuing the trend seen with Fund IV.
The fund will continue SkyKnight’s strategy of partnering with high-quality businesses in acyclical growth sectors. The firm focuses on working with management teams and owners to build industry-defining businesses.
SkyKnight expects Fund V to invest in approximately a dozen companies. The firm plans to apply its collaborative and entrepreneurial approach across its target sectors.
With the close of Fund V, SkyKnight will manage approximately $6.5 billion in assets. The firm has also grown to a team of 35 dedicated professionals.
Since its launch in 2015, SkyKnight has made 23 platform investments. Those portfolio companies have completed more than 100 add-on acquisitions.
SkyKnight has invested in healthcare, financial services, and tech-enabled services companies across North America. Ropes & Gray served as fund counsel, and the firm did not use an intermediary for fundraising.
KEY QUOTES:
“The response from our investor community was humbling — Fund V was more than three times oversubscribed in less than six months which speaks to the trust our partners place in SkyKnight. As with Fund IV, Fund V saw over 100% net retention from existing limited partners. We are thrilled to welcome a select group of leading global investors. We remain as committed as ever to delivering the differentiated private equity performance and experience our limited partners expect and deserve.”
Mara Hunt, Partner at SkyKnight Capital
“We are deeply grateful for the continued confidence of our partners and thrilled to announce the closing of Fund V. This fund represents a significant milestone for SkyKnight and will allow us to continue executing on the investment strategy we have refined over the past decade. Fund V will aim to invest in approximately a dozen companies where SkyKnight can bring our collaborative, entrepreneurial approach to building industry-defining businesses alongside aligned management teams and owners.”
Matthew Ebbel, Managing Partner at SkyKnight Capital
