Chicago-based Water Street Healthcare Partners has closed Fund VI, oversubscribed and closed at its hard cap with $1.9 billion in total capital commitments.
The fund will target investments in middle-market healthcare companies operating across medical products and diagnostics, pharmaceutical and life sciences, and healthcare services.
Founded in 2005, Water Street Healthcare Partners specializes in healthcare investing and focuses on partnering with management teams to scale businesses through operational improvements, strategic acquisitions, and organic growth initiatives. The firm has invested across a range of healthcare subsectors, including contract research, diagnostics, medical technology and outsourced healthcare services. Water Street typically targets North American middle-market companies with opportunities for expansion and consolidation.