Amulet Capital Expected to Seek $600 Million Fund I

Amulet Capital Partners, the private equity firm from Ramsey Frank, has held discussions with investors about raising its first fund, sources say.

The healthcare-focused pool is expected to have a $600 million target, persons say. Marketing for fund I has not officially launched and the firm has not hired a placement agent, one person says.

It is not clear when Amulet will begin fundraising for the pool. Officials for Amulet declined comment.

Frank is a former senior MD of JLL Partners, the New York middle market PE firm that invests in industries such as consumer products, industrial manufacturing and chemicals. Frank spent over 12 years at JLL, where he mainly focused on healthcare investing. He left the firm early in 2012 and launched Amulet in the fourth quarter.

Ari Benacerraf, a former senior MD and co-founder of Diamond Castle, and Jay Rose, who also worked at JLL, joined Frank at Amulet. Frank, Benacerraf and Rose are each partners. Amulet, according to the firm’s website, currently shares offices with Diamond Castle in midtown Manhattan.

Amulet has yet to do a deal and will look to invest broadly across the healthcare sector, one person says. The firm’s investments could include healthcare services, specialty pharma and outsourcing, peHUB has reported. Amulet will be looking to write equity checks ranging from $40 million to $150 million, the story said.

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