RoundTable Healthcare Raising Third Fund

RoundTable Healthcare Partners is looking to raise between $500 million and $600 million for its third fund, peHUB has learned.

The Lake Forest, Ill.-based firm is still investing out of a $500 million pool raised in 2005, and recently announced the acquisition of dermatological drugmaker Aqua Pharmaceutical LLC.

In 2006, RoundTable also raised a $200 million subordinated debt fund.

News of the fundraising was first reported by Private Equity Insider, which said that RoundTable could raise upwards of $700 million. 

Officials for Roundtable declined comment