Apposite Capital has held a first close for its second fund and is understood to have collected £70 million ($101 million; €89 million), according to industry sources.
The group is understood to be targeting £125 million for its second vehicle, which is expected to hold a final close by the end of the year, Private Healthcare Investorreports.
Its first fund, Apposite Healthcare Fund, closed on $200 million in 2007 and is now fully invested, according to PEI Research & Analytics.
Apposite declined to comment on the fundraising.
The London-based healthcare specialist has also made the first acquisition from the new vehicle with the injection of up to £12 million in UK diagnostics imaging group Medical Imaging Partnership (MIP).
Apposite’s investment will allow the firm to expand its services across the UK. MIP was created in 2010 and provides high quality radiology services for patients and clinicians. Its customers include both the NHS and the private sector.
The group offers fully managed clinical services including radiology equipment for MRI, CT scans, x-ray and ultrasound, as well as patient referral and triage management, radiology reporting and clinical support.
Apposite Capital partner Sam Gray told PHI that the firm already had experience in rolling out specialist healthcare services across the UK after founding radiotherapy business CancerPartnersUK with funding from its first vehicle. It sold that business to Australian strategic GenesisCare in July last year.
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