Healthcare PE Firm Hildred Capital Closes Third Fund at Over $800M

Healthcare-focused private equity firm Hildred Capital announced January 13 the oversubscribed final close of its third fund at over $800M against a $600M target.

Hildred Equity Partners III reached its hard cap in seven months, surpassing its predecessor, Hildred Equity Partners II, which closed at $363M in 2021. Evercore Private Funds Group served as lead global placement agent for the fundraise, while Kirkland & Ellis served as legal counsel.

The lower middle-market firm said investors in the fund include public pension plans, insurance companies, financial institutions, endowments, private wealth and financial services platforms, family offices, and high-net-worth individuals. Howard County Master, which committed $15M to Partners III, is among those pensions investing in the fund, according to Dakota data. 

Hildred Capital targets control opportunities in healthcare products and services. The firm noted that its third fund is currently assessing new investment opportunities, with plans to start capital deployment within the first quarter of the year.

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Written By: Dakota

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