Linden Capital Partners has closed Linden Capital Partners VI, its latest buyout fund, at $5.4 billion.
The healthcare-focused buyout fund closed well above its $4.5 billion target and initial $5 billion hard cap, said a news release April 15 . Linden Capital Partners V had closed at $3 billion.
“Fund VI is a defining accomplishment for Linden,” said Tony Davis, co-founder and president of Linden Capital Partners, in the news release. “Through the successful raise of our largest fund to date, we are excited to play an even more impactful role in shaping the future of healthcare and look forward to continuing to drive strong outcomes for our investors, management teams and healthcare stakeholders. In a difficult fundraising market, the scale of Fund VI, the pace of the raise at just under nine months, and the expansion of our investor base reflect the confidence investors have in our firm, and we are grateful for that support.”
Linden Capital, which marked its 20th anniversary last year, specializes in middle-market investments across healthcare services, products and distribution, according to the news release.
Investors include the $145.5 billion New York State Teachers’ Retirement System, Albany; $50 billion Texas County & District Retirement System, Austin; $15.6 billion Louisiana State Employees’ Retirement System, Baton Rouge; $13.9 billion Sacramento County (Calif.) Employees’ Retirement System; and $3.3 billion Fairfax County Educational Employees’ Supplementary Retirement System, Falls Church, Va.
Linden Capital currently has more than $13 billion in assets under management.
