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Article: Water Street Healthcare Partners Closes $650 Million Private Equity Fund.
- Article from:
- Business Wire
- Article date:
- September 3, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO -- Water Street Healthcare Partners, a leading private equity firm focused exclusively on the health care industry, announced today the closing of its second independent private equity fund, Water Street Healthcare Partners II, L.P. The fund closed at its cap of $650 million of investor commitments, exceeding its original target of $600 million, and bringing the firm's total capital under management to more than $1 billion.
"We are pleased that our limited partners continue to support our focused investment strategy," said Tim Dugan, founding and managing partner of Water Street. "Their strong response enabled us to raise our fund quickly. We are grateful ...