DW Healthcare Partners raises $610m

The Toronto, Canada-headquartered healthcare private equity investor closes fifth fund above target.

DW Healthcare Partners has held a final close for its fifth fund at $610 million, surpassing the initial target of $500 million. Through DW Healthcare Partners V, the firm will continue to invest in healthcare opportunities in the US and Canada, with a focus on product-based businesses generating $5 million to $10 million in EBITDA. It will typically make equity investments ranging from $15 million to $60 million.

The Arkansas Teacher Retirement System is known to have committed $30 million to Fund V, having also committed to the fund’s predecessors.

DW Healthcare Partners IV held a final close at $295 million in March 2017.