DW Healthcare Partners Fund IV closes at US $295M

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By Ted Liu

DW Healthcare Partners, a private equity firm focused exclusively on the healthcare industry, has held final close for its fourth fund, DW Healthcare Partners Fund IV, a Delaware domiciled fund with US $295 million in capital commitments.

DW Healthcare Partners held an initial close for Fund IV with US $194 million in commitments in December 2015.

Credit Suisse Securities (USA) LLC acted as DW Healthcare Partners’ exclusive placement agent.

The new fund brings DW Healthcare Partners’ total capital under management to US $800 million.

DW Healthcare Partners has a team of more than 25 professionals across two offices located in Park City, Utah and Toronto.

“We are very appreciative of the support we received from both previous and new investors in this fund. We believe this strongly validates our differentiated investment and sourcing model,” said Andrew Carragher, co-founder and Managing Partner of DW Healthcare Partners.

DW Healthcare Partners has invested in over 26 platform companies and 38 add-ons since 2003. Many of these investments have been sourced through its internal sourcing process, which involves a team of six professionals continuously working to refine and build out its proprietary database of over 30,000 healthcare companies.

Fund IV currently has two platform investments, Edge Systems and PRIME Education, Inc.

photo credit: DW Healthcare Partners