Chicago Pacific Founders closes debut fund at $325 mln hard cap

Chicago Pacific Founders closed its inaugural fund, oversubscribed at a $325 million hard cap. The firm, which invests in middle-market healthcare companies, has so far deployed capital along three investment platforms: CPF Living Communities, Marquee Dental Partners, and Recovery Ways.

PRESS RELEASE

Chicago Pacific Founders, an operator oriented private equity firm investing in middle market healthcare companies focused on health delivery services and in caring for aging populations, is pleased to announce that it has closed its debut fund and was oversubscribed at its $325 million hard cap.   The funding came from a mix of pension, endowments, insurance companies and institutional investors, as well as strategic industry investors and entrepreneurs.

“We believe that the positive response of our limited partners to this fundraising process signals their conviction in the strength of our investment thesis, the team we’ve assembled and our expertise in creating value and driving returns at our portfolio companies,” said Mary Tolan, Managing Partner, Chicago Pacific Founders.  Larry Leisure, Managing Partner added “We are excited now to have the luxury of exclusively focusing on investing in great companies and continuing to build on the trust and confidence that our partners have shown in us,”

To date, CPF has deployed capital along three investment platforms – CPF Living Communities (Senior Living), Marquee Dental Partners (DSO) and Recovery Ways (Addiction Recovery).  “The experience that we bring as former healthcare executives and the respect we have for entrepreneurs is giving us the opportunity to work with world class talent.” said Vance Vanier M.D., Managing Partner.

ABOUT CHICAGO PACIFIC FOUNDERS

Chicago Pacific Founders (“CPF”) is a strategic healthcare investment fund focused exclusively on healthcare services and caring for aging populations. CPF’s leadership team is made up of former healthcare CEOs and senior executives with a passion and track record of building healthcare businesses.

CPF was founded by Mary Tolan (Founder of Accretive Health, Group Chief Executive of Accenture), Larry Leisure (Kleiner Perkins, Optum, Kaiser Permanente) and Vance Vanier, M.D (President of Verinata, CEO of Navigenics, Stanford Hospital faculty). The Managing Partners along with founding operating partners John Rijos (Brookdale Senior Living) and Greg Kazarian (Accretive Health) shared a belief that the most significant societal impact and investment returns from healthcare for the next decade will be generated by investment in delivery model innovation.

CPF is actively looking to partner with organizations focused on delivering the highest quality of service to patients, providers, and payers at lower costs.  The fund will invest up to $75 million of equity capital per opportunity in buyout transactions for cash flow positive businesses.

For more information, please call Matt Doyle (312 273-4763), mdoyle@cpfounders.com or visit www.cpfounders.com.