Martis Capital Management, LLC, a Palo Alto, CA- and Washington, DC-based healthcare-focused private equity firm, closed its third fund, with $545m in aggregate capital commitments.
Martis Partners III, LP, closed at its fundraising hard cap, with commitments from a diverse group of public and private institutional investors.
Fund III will continue Martis Capital’s strategy of investing in buyout and growth equity opportunities in middle-market companies providing innovative and cost-effective products and services within the services & outsourcing, information technology, and consumer & wellness subsectors of the North American healthcare industry.
In conjunction with the final close of Fund III, Martis Capital promoted Mario Moreno and Owen Davis to Partners, and Vladimir Andonov to Director of Business Development.
Both Moreno and Davis will be part of the firm’s investment committee.
Led by Barry Uphoff, founding and managing partner and Shahab Vagefi, founding partner, Martis Capital has raised more than $1.25 billion of capital since 2011.