RoundTable Healthcare Partners, a Lake Forest, IL-based private equity firm focused on the healthcare industry, closed its fifth equity fund, at $700m.
RoundTable Healthcare Partners, based in Lake Forest, IL, is an operating-oriented private equity firm focused exclusively on the healthcare industry. The firm has established a track record of working with owner/founders, family companies, management teams, entrepreneurs and corporate partners who share a vision and believe in the value creation potential of its partnership model. RoundTable has raised $3.45 billion in committed capital, including five equity funds totaling $2.85 billion and three subordinated debt funds totaling $600 million.
Fund V will be overseen by a Management Committee consisting of Thomas P. Kapfer, Pierre Fréchette, and R. Craig Collister, all three of whom served on the Management Committee for Fund IV. Messrs. Kapfer and Fréchette will continue to lead the firm’s operating resources and chair the firm’s portfolio companies. Mr. Collister will head the firm’s transaction activities. Together, the three will function as Managing Partners. Mr. Kapfer will serve as Chairman of the Management Committee.
With the formation of the new fund, Barb Sullivan will assume the role of Operating Partner, Chief Financial Officer, and Chief Compliance Officer.
Additionally, three individuals on the transaction team were promoted. Andrew B. Hochman was named Senior Partner and will continue to focus on the firm’s pharmaceutical and consumer health investments. Mr. Hochman joined RoundTable in 2007. Jawwad A. Akhtar and Phillip S. Smith II were promoted to Principal. Mr. Akhtar joined RoundTable in 2011 and focuses on pharmaceutical and consumer health investments. Mr. Smith joined RoundTable in 2009 and focuses on medical product and medical device investments.
The firm closed its first equity fund of $400m in March 2002, its second equity fund of $500m in March 2005, its third equity fund of $600m in July 2010, and its fourth equity fund of $650m in August 2015.