RoundTable Healthcare closes mezz fund on $200m

The US private health investment firm has raised a total of $600 million through three subordinated debt funds.

RoundTable Healthcare Partners has closed its third subordinated debt fund, RoundTable Capital Partners III, on $200 million, the firm said.

The US private equity firm, which focuses solely on the healthcare industry, now manages subordinated debt funds totalling $600 million.

It also closed its fourth equity fund totalling $650 million and announced the hiring of four new partners. The firm was not available for further comment at time of writing.

Lester B. Knight, one of the firm’s founding partners and chairman of RoundTable’s management committee, said: “Equity Fund IV and Capital Fund III will allow us to continue our strategy of investing in healthcare companies that can benefit from our strong operating focus. We thank all of our limited partners for their support and commitment.”

Founded in 2001, RoundTable Healthcare Partners is based in Lake Forest, Illinois. The firm partners with companies that can benefit from its industry relationships as well as operating and transaction expertise, according to its website.

To date, it has raised $2.75 billion in committed capital. It raised its first debt fund in July 2006 and its second in July 2010.

University of California Regents Endowment Fund committed $5 million to its second fund, according to Private Equity International Research and Analytics.