“It was probably the single hottest non-VC fund in the country this year,” said an LP source familiar with the situation. He added that the Lake Forest, Ill.-based firm managed to add several new investors.
The $600 million will be the fund’s first and final close. RoundTable’s first fund raised $400 million in 2002 while its second came in at $500 million in 2005. Pretty good fund size discipline, and the firm was further aided by relatively little staff turnover.
RoundTable, which invests exclusively on healthcare, has a notable track record. The firm has had four exits from its first fund, each of which generated a return of 5x the cash invested or greater, peHUB has learned. This includes December’s sale of Ascent, which RoundTable says generated an 8.3x return upon its sale to Stryker Corp.
Officials for RoundTable declined to comment.