Council Capital said April 12 that its third private equity fund closed at over $150 million, surpassing its $125 million target. Investors of Council Capital III LP include foundations, fund of funds, endowments, financial institutions and family offices, as well as several strategic healthcare investors. Nashville-based Council Capital makes control and minority investments in healthcare companies, targeting companies with enterprise values between $10-50 million.
NASHVILLE, Tenn. (April 12, 2016) – Council Capital, a Nashville-based healthcare private equity firm that utilizes its unique CEO Council business model to attract leading management teams and portfolio companies, announced today the closing of its third private equity fund, Council Capital III, LP (“Fund III”) totaling over $150 million, exceeding its target of $125 million and hitting its hard cap, bringing total capital under management at the firm to approximately $300 million.
For Fund III, Council Capital received strong support from returning investors from its $65.8 million Fund II. Additionally, more than half of the capital was secured from a significant number of new investors including foundations, fund of funds, endowments, financial institutions and family offices. Council Capital was also able to attract several strategic healthcare investors including health plans that collectively serve more than 18 million members.
“We are grateful to all of our investors for their support and commitment,” said Grant Jackson, Council Capital’s managing partner. “Exceeding our target, while adding a number of leading institutional and strategic healthcare investors is a testament to the strength of our team and the CEO Council business model, which we will continue to utilize to support our portfolio companies by helping drive their growth and increase their equity value.”
Fund III will continue the successful investment strategy employed by Fund II of utilizing Council Capital’s proven operator-oriented CEO Council business model to invest in healthcare companies with exceptional management, differentiated and proven business models and the potential for substantial future growth. Fund III has already made two investments in rapidly growing companies who have benefitted from the firm’s operational and transactional expertise and the unique CEO Council business model which offers companies exclusive access to a top-tier group of 34 CEOs and several strategic healthcare investors who are committed to being engaged partners to management teams in supporting and growing these companies by providing access to their extensive networks and expertise.
Over the past fifteen years, the Council Capital investment team has led 27 healthcare-related investments and has an extensive track record of successfully investing in healthcare and helping portfolio companies achieve their potential. The firm is activelyseeking new investments for Fund III. To learn more about Council Capital, please visit www.councilcapital.com.
About Council Capital:
Council Capital is a Nashville-based healthcare private equity firm with approximately $300 million of capital under management that utilizes its unique CEO Council business model to attract leading management teams and portfolio companies. Council makes control and minority investments in fast-growing healthcare companies, targeting companies with enterprise values between $10-50 million. The proceeds from our investments are used to provide shareholder liquidity or to fund key growth initiatives, including organic growth or acquisitions. The firm seeks investments on the “right side of change” in healthcare where growth will accelerate as cost pressure and quality demands increase. The investment team targets companies with strong management, differentiated and proven business models and potential for substantial future growth. Council Capital has a longstanding history of successfully partnering with healthcare companies that will benefit from its CEO Council business model, a distinct value proposition that offers exclusive access to a top-tier group of 34 industry-leading CEOs and several strategic healthcare investors. Council Capital’s strategy involves utilizing their extensive healthcare operating and transaction experience, strategic resources and industry relationships to drive enhanced long-term growth and increased value for exceptional healthcare companies. For more details, please visit our website atwww.councilcapital.com.