CRG, a healthcare investment firm previously doing business as Capital Royalty L.P., has closed a third healthcare-focused private credit fund with nearly $1.25 billion in capital commitments. The fund, called CRG Partners III L.P., is expected to reach approximately $2 billion in total investible capital, including debt financing.

Fund III received commitments from both existing and new investors, underlining confidence in the firm’s credit-focused investment strategy. The fund exceeded its original fundraising target by nearly 25 percent. Fund III targets investments between $20 million and $300 million in public and private commercial-stage healthcare companies.

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