Persistence Capital Partners' Fund II Raises $90M in First Close

Canadian private equity firm Persistence Capital Partners, which focuses on healthcare-related opportunities, has raised $90 million in the first close of its second fund, Persistence Capital Partners II LP. Commitments to the fund, targeted for $225 million, came mainly from Canadian institutional investors. PCP II will provide growth capital and undertake buyouts, re-caps and consolidations involving healthcare companies with between $5 million and $50 million in revenues.

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