Health-Geared PE Firm Water Street Closes $750M Fund

Law360, New York (July 31, 2012, 4:00 PM EDT) -- Water Street Healthcare Partners LLC closed its third fund at its $750 million cap, besting an original $650 million target set when fundraising efforts kicked off in early June, the industry-focused private equity firm said Tuesday.

The fund sets a new benchmark for Water Street fundraising and boosts its total capital under management to just less than $2 billion. The firm's portfolio — now 12 health-sector companies strong — was built using an inaugural 2006 fund, which raked in $370 million, and a 2008 fund that...
To view the full article, register now.