MTS Health Investors LLC has closed its fourth private equity fund at $365 million, underlining dealmakers' optimism that healthcare M&A will regain normal highs.

MTS Health, the private equity fund arm of New York City-based financial service firm MTS Health Partners LP, began fundraising for Fund IV in February. The fund, called MTS Health Investors IV, received additional investments beyond its initial $300 million cap. Fund IV has not made any investments to date, though one U.S.-based company is under a letter of interest. MTS Health’s most recent investments come from the firm’s $188 million Fund III, which closed in 2014.

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