Chicago-based Linden has so far gathered $208 million for Linden Capital Partners II LP, according to a source familiar with the situation. New York-based placement agency Park Hill Group is helping to raise the fund.
Linden invests in lower middle-market healthcare companies with revenue of between $25 million and $300 million. Fund II is earmarked for eight to ten platform investments, plus add-ons.
Deal sizes for the healthcare shop span the chasm from $10 million to $2 billion, while specific industry niches include animal health products, health care services, hospital products and life science equipment.
Backers of the firm’s $200 million freshman fund, Linden Capital Partners LP, which closed in 2006, are funds-of-funds managers like Parish Capital Advisors, plus a mix of endowments, foundations, insurance companies and family offices.
This story first appeared at www.buyoutsnews.com