Healthcare private equity firm Essex Woodlands closes its latest fund, at $543.1m.
According to a regulatory form filed with the SEC, Essex Woodlands Fund IX, L.P., was subscribed by 25 investors.
The doc lists Managing Directors Petri Vainio, Martin Sutter, Ron Eastman, Steve Wiggins and Richard Barry as people related to the offering.
Founded in 1985, Essex Woodlands focuses on pharmaceuticals, medical devices, healthcare services and healthcare information technology areas having been involved in the founding, investing and/or management of over 150 companies, ranging across sectors, stages and geographies.
Generally speaking, the firm targets companies with revenues ranging from $20M to $200M that are EBITDA-positive or soon to be positive, led by proven management teams who seek to build leading healthcare businesses for the long-term.
The team is comprised of over 20 senior investment professionals with offices in Palo Alto, Houston, New York and London.
Essex Woodlands has more than $3 billion under management.