Aldrich Capital Partners has raised its second lower middle-market fund at $450 million. The fund was oversubscribed by exceeding its $350 million target. The PE firm focuses on the healthcare IT, financial technology and software sectors.

“We are excited to be in a position to continue investing in our robust pipeline of founder-run healthcare and software businesses,” said Mirza Baig, managing partner at Aldrich Capital.

Monument Group served as the placement agent.