LOS ANGELES–(BUSINESS WIRE)–Varsity Healthcare Partners (VHP), a private equity firm focusing on lower middle-market healthcare services, has announced the successful final closing of its fourth fund, Varsity Healthcare Partners IV (VHP IV). The fund reached total capital commitments of $700 million, surpassing its initial hard cap of $650 million, indicating strong investor confidence in Varsity Healthcare Partners’ strategy and market approach.
VHP IV attracted a diverse group of institutional investors from both the U.S. and internationally. These commitments came from a variety of sources, including major insurance companies, pension funds, university endowments, foundations, and sovereign wealth funds, highlighting the broad appeal of Varsity Healthcare Partners’ investment thesis within the institutional investment community. The fund is already actively deployed, recently making a strategic growth investment in Beghou Consulting, a leading outsourced consulting firm serving the biopharmaceutical industry. This initial investment demonstrates Varsity Healthcare Partners’ commitment to rapidly executing its investment strategy and building value for its investors.
Building on the success of its previous funds, Varsity Healthcare Partners IV will continue to implement the firm’s established “buy and build” strategy. This tactical approach focuses on creating value by investing in platform companies within clinically differentiated healthcare provider groups and companies offering essential outsourced services or technology solutions to healthcare providers and payers. Varsity Healthcare Partners’ expertise lies in identifying and partnering with founder-led and provider-owned businesses, aiming to accelerate their growth and enhance their operational efficiency.
Evercore Private Funds Group acted as the placement agent for VHP IV, and Kirkland & Ellis provided legal counsel to Varsity Healthcare Partners throughout the fundraising process.
About Varsity Healthcare Partners
Varsity Healthcare Partners (VHP) is a leading lower middle-market private equity firm dedicated to the healthcare services sector. The firm specializes in collaborating with founders, entrepreneurs, and management teams to develop and scale market-leading healthcare services organizations. Varsity Healthcare Partners’ investment strategy is characterized by its focus on growth-oriented companies, often founder or physician-owned, where VHP’s operational playbook can be leveraged to drive significant improvements in management and operations early in the investment lifecycle. This is followed by a well-funded and comprehensive growth strategy. The firm’s distinctive investment approach and proven track record are supported by a strong organizational culture that emphasizes collaboration, accountability, and a dedication to achieving excellence in both work quality and team performance within the private equity landscape.
Contacts
Mickey Mandelbaum or Julia Cohen
Prosek Partners
[email protected] / [email protected]
