Water Street Aims at $600 Million

Water Street Healthcare Partners is gearing up to raise its second fund with a $600 million target, as first reported by Buyouts Magazine. The Chicago-based firm closed its debut fund with $400 million in 2006, and focuses on mid-market healthcare companies. Limited partners include Goldman Sachs, Adams Street Partners, Allianz Group and PPM America. www.waterstreetcapital.com