RoundTable Healthcare Partners, a Lake Forest, IL-based operating-oriented private equity firm focused exclusively on the healthcare industry, closed its sixth private equity fund, at $800m.
RoundTable Healthcare Partners is an operating-oriented private equity firm focused exclusively on the healthcare industry. The firm has established a history 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 $4.25 billion in committed capital, including six equity funds totaling $3.65 billion and three subordinated debt funds totaling $600m.
RoundTable’s long-standing strategy has been to utilize the firm’s extensive healthcare operating and transaction expertise to improve the growth and profitability of its portfolio companies to enhance their value and generate attractive investment returns.
To advance this strategy, Fund VI will be led by a Management Committee consisting of Thomas P. Kapfer, R. Craig Collister, Andrew B. Hochman, and Timothy J. Connors. Mr. Kapfer was Chairman of the Management Committee for Fund V and will retain his position for Fund VI. He, along with Mr. Collister, served on the Management Committees of Funds IV and V. Mr. Hochman was promoted to Managing Partner and will become a member of the Management Committee. He joined RoundTable in September 2007 and served as a Senior Partner in Fund V.
Mr. Connors will join RoundTable as a Managing Partner and become a member of the Management Committee. He was Chief Executive Officer of Advantice Health, a Fund IV portfolio company that was sold on April 1, 2022. In addition to serving on the Management Committee, he will focus on identifying new investment opportunities and overseeing the operational performance of Fund VI platform investments in the pharmaceutical and consumer healthcare markets.
Messrs. Kapfer and Connors will lead RoundTable’s operating resources to support both existing investments and those made by Fund VI. Messrs. Collister and Hochman will lead the firm’s transaction activities.
Additionally, Jawwad A. Akhtar and Phillip S. Smith II, who serve on the transaction team, were both promoted to Partner with the launch of Fund VI. 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.
FinSMEs
04/05/2022