SkyKnight wraps up second fund

SkyKnight Capital LP has closed its second fund and its annex at more than $250 million. Ropes & Gray LLP serves as fund counsel.

PRESS RELEASE

SAN FRANCISCO–(BUSINESS WIRE)–SkyKnight Capital, L.P. (“SkyKnight”), the San Francisco, California based private investment firm, is pleased to announce the final closing of SkyKnight Capital Fund II, L.P. (“Fund II”) and SkyKnight Capital Fund II Annex, LLC (“Annex”), oversubscribed with more than $250 million in total capital commitments. Founded in 2015, SkyKnight manages over $750 million in assets across its funds and co-investment vehicles on behalf of institutional family offices and leading foundations and endowments.

“We are grateful for our highly strategic set of limited partners who have supported us and entrusted us with their capital. In Fund II, we will continue to invest in healthcare and business services companies where we can execute a long-term buy and build strategy,” said Matt Ebbel, Founder and Managing Partner of SkyKnight.

Partner Mara Hunt said, “We are pleased to have exceeded our fundraising goal while also completing five platform investments for Fund II and Annex. We believe our ability to execute significant minority and small majority transactions compounded with our emphasis on long-term value creation for all shareholders is unique in the private equity industry.”

Partner Claude Burton added, “Fund II and Annex are off to a terrific start, with several investments made, including AmWINS, the nation’s leading wholesale insurance broker; WhiteWater Express, a buy and build platform in the car wash sector; symplr, a market-leading provider of healthcare SaaS solutions; Heffernan, an independent retail insurance brokerage platform; and MedVet, a leading independent operator of specialty and emergency veterinary hospitals. We continue to find compelling opportunities as a result of our proactive sourcing process and strategic relationships.”

SkyKnight focuses on partnering with high quality businesses in acyclical growth sectors alongside exceptional management teams. In addition to Fund II’s investments, SkyKnight has made a significant investment into Watco, the largest private short line railroad in North America. SkyKnight makes equity commitments ranging from $20 million to over $200 million.

Ropes & Gray LLP serves as fund counsel, and Deloitte LLP is the auditor. The firm engaged no intermediary to assist in fundraising. More information is available at www.skyknightcapital.com.