Revelstoke Capital Partners has raised $111 million for Revelstoke Single Asset Fund II L.P. which is dedicated to rural healthcare. The fund is Revelstoke’s second single asset fund.
The fund has acquired a minority stake in rural healthcare provider Fast Pace Health. “We are very excited to extend our partnership with Greg Steil and the Fast Pace Health team, and we look forward to the company’s growth by broadening its strategy to increase market presence and service offerings to comprehensively serve America’s most vulnerable population,” says Revelstoke co-founder and managing partner Simon Bachleda. Revelstoke’s first single asset fund raised $660 million in November 2019.
Simpson Thacher & Bartlett LLP is providing legal advice to Revelstoke. McDermott Will & Emery LLP is acting as legal advisor to Fast Pace.