Persistence Capital Partners has held an initial close for its third fund, Persistence Capital Partners III.
The new fund is led by Managing Partners, Dr. Sheldon Elman, Stuart M. Elman, and Partners, Sean Karamchandani, Kien Trang, Adrianna Czornyj.
Persistence Capital Partners II is a $100 million 2013 vintage fund. Persistence Capital Partners has yet to announce Fund III closing and its fundraising target.
Persistence Capital Partners II’s institutional LPs include Caisse de dépôt et placement du Québec (CDPQ), Hydro-Québec Pension Plan, Investissement Québec (IQ), Windermere Asset Management Ltd., Quattro Investment Inc., Teralys Capital, EDC Equity, and BDC Capital Inc.
Montreal based Persistence Capital Partners is Canada’s only private equity firm focused exclusively on high-growth opportunities in healthcare.
Persistence Capital Partners recently sold its initial platform company of its inaugural fund, Medisys Health Group Inc., to TELUS for $147 million.
photo credit: PCP