EW Healthcare Partners raises $746.33m

The Houston-based growth equity firm closed its latest healthcare technology fund.

EW Healthcare Partners held a final closing of EW Healthcare Partners Fund 2-A at $746.33 million, exceeding its $650 million target and surpassing capital raised by its predecessor, Essex Woodlands Fund IX, which closed in October 2016 at $543.10 million.

The fund will make growth equity investments in United States and European healthcare companies within the medical device, diagnostics and technology-enabled services and pharmaceutical sectors. Founded in 1985, EW Healthcare Partners has invested long-term in excess of 150 healthcare companies.