Revelstoke Capital Partners Closes Two Funds Totalling $1.4 Billion

Revelstoke Capital Partners LogoRevelstoke Capital Partners, a Denver, CO-based private equity firm focused on investing in healthcare services companies, completed fundraising for Revelstoke Capital Partners Fund II, L.P. and Revelstoke Single Asset Fund I, L.P., totalling $1.4 billion.

RCP Fund II, with $714 million of commitments, was oversubscribed, exceeding its target of $500 million and reaching its hard cap.
RSAF I, with $660 million of commitments, was also oversubscribed.

Concurrently with the closing of RSAF I, the funds acquired Upstream Rehabilitation, the third largest provider of outpatient physical therapy services in the United States through a broad network of 746 clinics across 27 states. The funds have substantial committed and available capital to advance Upstream Rehabilitation’s strategy of consolidating the physical therapy market.

Led by general partners Simon Bachleda, Russell Cassella, Eric Shuey and Andrew Welch, Revelstoke is a private equity firm focused on building industry-leading companies in the healthcare and related business services sectors. Since the firm’s inception in 2013, Revelstoke has raised over $2.3 billion of equity and has completed 65 acquisitions, which include 17 platform companies and 48 add-on acquisitions.



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