Thurston Group Celebrates Record Fund III Closing at $211M
Thurston Group Achieves Record Fund III Closing
Thurston Group, a prominent private equity firm focusing on healthcare investments, has recently celebrated the successful close of its Thurston Fund III at an impressive $211 million. This closing not only marks an oversubscribed fund but also represents Thurston's largest fundraising achievement yet.
Significant Growth in Investor Commitment
The successful final close of Fund III indicates a remarkable 60% increase in commitments from Limited Partners compared to the previous fund. This significant growth underscores the confidence investors have in Thurston Group's strategic approach and the results it has achieved in the healthcare sector.
Thurston's Continued Focus on Healthcare Solutions
Fund III will further solidify Thurston Group's prominence as an investor in the lower middle-market healthcare sector. The firm intends to capitalize on its established playbook to foster growth and create long-term value through investing in appealing healthcare segments. This includes partnering with founder-owners of businesses to drive innovative solutions.
Commitment to Strategic Partnerships
According to Dan Davis, Managing Partner at Thurston Group, the firm is thankful for the unwavering support it has received from both existing and new investors. The diverse range of partners, including high-quality family offices and high-net-worth individuals, enriches the firm's investor base. The excitement surrounding the strong demand for Fund III speaks volumes about the firm's disciplined strategy and the success of prior investments.
A Legacy of Successful Investments
Founded in 1986, Thurston Group has been synonymous with healthcare investments that grow into legacy businesses. With a collaborative and value-added approach, the firm has successfully returned over $4 billion of invested capital through various economic and market cycles, showcasing its resilience and expertise.
Looking Ahead: The Future of Fund III
Patrick J. Haynes III, Chairman and Founder of Thurston Group, emphasized that Fund III marks a pivotal chapter in the firm's evolution. The team is committed to fostering lasting partnerships with top-performing healthcare operators and is eager to deploy this capital into businesses where it can provide impactful operational and strategic support.
Legal and Placement Support
Nixon Peabody LLP provided legal counsel for the fund, while Praxess Securities, LLC acted as the placement agent, ensuring a smooth and efficient closure for Fund III.
Contact Information for Inquiries
For media inquiries, you can reach out to:
Gregory Clement
Vice President
Thurston Group
(312) 255-0077
gsclement@thurstongroup.com
Frequently Asked Questions
What is Fund III for Thurston Group?
Fund III represents Thurston Group's latest capital raise, focusing on investments in the healthcare sector.
How much did Fund III close at?
Thurston Fund III closed at $211 million, marking a significant milestone for the firm.
What is Thurston Group's investment strategy?
The firm's strategy involves making control investments in growing segments of the healthcare industry, often partnering with business founders.
When was Thurston Group founded?
Thurston Group was established in 1986 and has since focused on healthcare investment opportunities.
Who can be contacted for media inquiries?
Media inquiries can be directed to Gregory Clement at Thurston Group via email at gsclement@thurstongroup.com.
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