Ferrer Freeman raises $400m healthcare fund

The Greenwich, Connecticut firm’s third fund will invest in healthcare services, clinical products and healthcare outsourcing and infrastructure.

Greenwich, Connecticut-based healthcare investor Ferrer Freeman & Company has closed FFC Partners III on $400 million (€327 million).

The new fund will make private equity investments of between $15 million and $45 million in ‘expansion-stage and mature healthcare companies to fund organic growth and acquisitions,’ according to the statement. Within the healthcare category, Ferrer Freeman will invest in the healthcare services, clinical products and outsourcing/infrastructure sub-sectors.

Though specific investors were not disclosed, they include corporate and public pension funds, university endowments, financial institutions and charitable and family endowments.

Ferrer Freeman is one of two healthcare fund closings in the last couple weeks. New York-based Galen Partners closed its fourth healthcare fund at $250 million, though short of its $300 million goal.

Ferrer Freeman was founded in 1996 by Carlos Ferrer and David Freeman to make investments in later-stage healthcare companies. The firm’s prior investment vehicles were FFC Partners I, capped at $210 million, and FFC Partners II, closed at $291 million in 2000. Some of Ferrer Freeman’s successful realizations include Amerigroup, VistaCare and United Surgical Partners.