Healthcare PE Firm Chicago Pacific to Launch Fourth Flagship Fund

Healthcare growth equity firm Chicago Pacific Founders is launching its fourth fund, Chicago Pacific Founders Fund IV, and plans to complete fundraising within the next year, according to a January 3 filing with the SEC.

For its predecessor third fund, Chicago Pacific Partners raised $847.5M from 173 investors. According to Dakota data, the Illinois Municipal Retirement Fund and the Baltimore City Employee Retirement System are among the institutional investors in the fund, committing $50M and $30M, respectively.

Chicago Pacific Founders targets organizations that help to improve the delivery of healthcare services. It allocates up to $75M for every investment, the firm noted on its LinkedIn profile.