Revelation Partners, a premier healthcare investment firm, has solidified its position as a leader in the healthcare secondary market, now managing an impressive $1.5 billion in assets. This milestone follows the successful closing of its Fund IV at $608 million, significantly exceeding the initial target of $500 million.
Based in Sausalito, California, Revelation Partners offers vital liquidity and flexible capital solutions across the healthcare spectrum. Their expertise spans various sub-sectors, catering to investors, companies, limited partners, and general partners seeking opportunities within the dynamic healthcare landscape.
The oversubscribed Revelation Healthcare Fund IV underscores the strong investor confidence in the firm’s focused strategy. This substantial capital infusion empowers Revelation Partners to address the considerable demand for liquidity in private healthcare equity. The fund allows investors to gain exposure to a diverse portfolio of rapidly growing, late-stage healthcare companies across medical devices, diagnostics, biotech, health-tech, and healthcare services.
Scott Halsted, Founder and Managing Partner, emphasized the significance of this achievement: “The successful close of our $608 million Fund IV, surpassing our initial goals, marks a significant opportunity to build on our momentum in the private secondary market. The current healthcare sector presents numerous avenues for us to leverage our proven track record of delivering liquidity within the often-illiquid private healthcare investment space. We are experiencing unprecedented deal flow at Revelation Partners.”
Revelation Partners’ rapid growth trajectory reflects its specialization and effectiveness in the healthcare investment domain. The firm has sustained an impressive annualized growth rate exceeding 40% over the past six years, demonstrating its increasing market influence and investor appeal.
Mike Boggs, Managing Partner, further elaborated on Revelation Partners’ unique value proposition: “Revelation Partners stands out by providing liquidity solutions to a broad spectrum of counterparties holding minority equity stakes in private healthcare companies. For founders, venture capital funds, limited partners, and general partners seeking alternatives to lengthy M&A processes or IPOs, Revelation offers a reliable and credible path to liquidity. Our adaptable capital solutions provide immediate cash access for investors who might otherwise face years of illiquidity. In today’s market conditions, this is particularly advantageous for private healthcare investors.”
The need for liquidity solutions in the private healthcare market is amplified by current market dynamics. NVCA data highlights over $200 billion invested in private healthcare ventures in the last three years, juxtaposed with limited liquidity events. Since mid-2021, the market has seen a scarcity of successful healthcare IPOs and cash-based private M&A transactions. This environment has fueled Revelation Partners’ active investment strategy and deal volume.
Over the past 18 months, Revelation Partners has committed over $200 million in liquidity to private investors, serving a diverse clientele. Venture capital and private equity firms utilize these solutions to manage their portfolios or generate returns for their investors. Funds exceeding their ten-year term often face legal mandates to provide liquidity options. Additionally, founders and employees of private healthcare companies may seek personal liquidity. Revelation Partners effectively addresses these varied needs, providing crucial cash flow in a challenging liquidity landscape.
With the newly secured $608 million Fund IV, Revelation Partners is poised to further expand its leadership in private secondaries. The firm will continue to leverage its deep expertise in shareholder liquidity, GP solutions, and growth capital to deliver tailored financial solutions to private healthcare companies and their investors.
About Revelation Partners
Revelation Partners is dedicated to offering flexible capital solutions within the healthcare ecosystem. Their customized approaches focus on providing liquidity, fostering shareholder alignment, and fueling the growth of privately held healthcare companies. The firm’s long-term perspective enables them to effectively serve a wide array of counterparties, including founders, management teams, institutional investors, general partners, and limited partners.
For further details about Revelation Partners and their services, please visit: www.revelation-partners.com.
Media Contact:
Fred Lee
415-308-3896
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SOURCE Revelation Partners
