Welsh, Carson, Anderson & Stowe (WCAS) – a leading private equity firm focused exclusively on the healthcare and technology industries – recently announced that it has completed fundraising for WCAS XIV, L.P. (WCAS XIV). The fund closed at over $5 billion of total capital, above its target and the Firm’s prior fund, WCAS XIII, L.P., which closed at $4 billion.
The firm said that WCAS XIV received strong support from new and long-time WCAS investors with a Limited Partner re-up rate of approximately 95% and the four largest investors in WCAS XIV increased their capital commitment by about 25% from WCAS XIII. As in prior funds, the firm’s General Partners collectively represent one of the largest investors in WCAS XIV.
Since WCAS was founded in 1979, the firm has raised over $31 billion of committed capital and has invested in over 95 healthcare and 110 technology companies. And as with prior funds, WCAS XIV will seek to partner with proven management teams to acquire growing companies and drive value through operational improvements as well as organic and strategic M&A growth initiatives.
KEY QUOTE:
“We are grateful for the strong support of our Limited Partners for WCAS XIV. We look forward to continuing to pursue our proven strategy of partnering with outstanding management teams to build leading companies in our two specialized industries – healthcare and technology.”
— WCAS Managing Partner D. Scott Mackesy
