Northlane Capital Partners, a middle market private equity firm targeting investments in healthcare and business services, has successfully closed its second independent fund, Northlane Capital Partners II LP. NCP II closed on total capital commitments of $408 million, exceeding its target of $375 million, and attracted interest from a diverse group of investors, including public pension funds, asset managers, insurance companies, high net worth families, foundations, and former portfolio company executives.
Fund II will continue Northlane’s strategy of targeting niche outsourced service providers in its two industry verticals. The four founding partners have worked together since 2003 and have completed 27 platform investments. Fund II has already invested in two companies – VMG Health, a valuation and transaction advisory firm exclusively focused on the healthcare industry, and Empower Community Care, a global behavioral health organization responsible for distributing evidence-based programs and technologies that seek to transform the lives of troubled youth, their families, and communities.