Linden Capital Partners Finalizes $400 Million Fundraise
Linden Capital Partners, a notable private equity firm specializing in healthcare, has announced a significant milestone with the closing of its Linden Structured Capital Fund II (SCF II). With commitments totaling $400 million, this surpasses its predecessor, Structured Capital Fund I, which raised around $355 million. This new fund stands as a testament to the growing investor confidence in Linden and its dedication to the healthcare sector.
Investment Focus and Progress
The SCF II fund, similar to its forerunner, aims to invest in middle market healthcare companies. These investments utilize securities that incorporate both debt and equity-like characteristics. So far, SCF II has successfully executed eight investments, including a complete realization last year, showcasing its commitment to strategic growth and development in the healthcare space.
A Diverse Investor Base
The list of participants in SCF II includes a mix of existing and new investors, such as pension funds, insurance firms, family offices, and asset management companies. Investors hail from North America, Europe, Asia, and the Middle East, indicating a broad interest in Linden's strategic investment approach.
Leadership Insights
Tony Davis, Co-Founder and President of Linden Capital Partners, expressed pride in the overwhelming support from both existing and new investors. "Our mission to create and support exceptional companies continues to strengthen our position as the largest healthcare-focused investment manager," he stated.
Value Creation in Healthcare Investments
Scott Gallin, a Partner in Linden Structured Capital, emphasized that the firm’s portfolio reflects its capacity to serve as a value-added partner to healthcare companies and their equity sponsors. By leveraging a deep network and infrastructure, Linden supports its investment strategy effectively, driving results that resonate with investors amidst market fluctuations.
Expert Counsel and Guidance
The firm enlisted the expertise of Kirkland & Ellis LLP as its fund counsel during this successful capital raise. Additionally, PJT Park Hill acted as the placement advisor, providing valuable guidance throughout the fundraising process.
About Linden Capital Partners
Founded in 2004, Linden Capital Partners has established itself as a premier private equity firm solely focused on the healthcare domain. As the largest healthcare-dedicated private equity firm in the U.S., Linden’s strategic approach revolves around three core pillars: specialization in healthcare, integrated private equity with operational expertise, and a unique human capital program. With a rich history of investing in over 45 healthcare companies and managing approximately $12.5 billion in regulatory assets, Linden stands out as a leader in the industry.
Frequently Asked Questions
What is the goal of Linden Structured Capital Fund II?
The goal is to invest in middle market healthcare companies through securities that offer debt- and equity-like features.
How much capital did Linden Capital Partners raise for SCF II?
Linden raised $400 million for the Structured Capital Fund II, surpassing its previous fund's total.
Who are the typical investors in SCF II?
Investors include pension plans, insurance companies, family offices, and asset managers from various regions including the U.S. and Europe.
What sets Linden Capital Partners apart from other firms?
Linden specializes exclusively in healthcare and combines private equity expertise with operational skills unique to the sector.
Since its inception, how many investments has Linden made?
Linden has invested in over 45 healthcare companies with diverse strategies and more than 350 individual transactions since its founding.
