A New Investment Fund is Targeting Healthcare Growth Opps

  KKR, a global investment firm, just closed a new $1.45 billion fund aimed at healthcare growth opportunities in the Americas. KKR said it will invest more than $265 million of capital in the fund, alongside external investors through KKR's balance sheet and employee commitments. "The healthcare sector has demonstrated strong fundamentals throughout multiple cycles," said Ali Satvat, a KKR member and head of KKR's healthcare strategic growth investing efforts. "Significant advances in medical innovation have yielded new products and services for patients, while consolidation and novel approaches to care delivery have the potential to improve clinical outcomes and reduce associated costs. These dynamics have created a significant market opportunity and an unmet need for strategic growth capital. We look forward to working with high-growth companies in the healthcare space for which KKR can be a unique partner in helping them achieve scale." The firm said the Health Care Strategic Growth (GCSG) fund received strong backing from a diverse group of new and existing investors, including public pensions, insurance companies, family offices, and high net worth individuals. HCSG aims to generate strong returns for investors by investing in healthcare-related companies advancing innovative products or services and led by high-quality management teams. In particular, HCSG expects to make equity investments of up to $100 million and focuses on themes such as clinical / technologi...
Source: MDDI - Category: Medical Devices Authors: Tags: Medical Device Business Source Type: news