GREENWICH, Conn.–(Company WIRE)–Feb 11, 2021–
Peloton Fairness, LLC (“Peloton”), a healthcare-concentrated personal equity organization, has closed its second fund Peloton Fairness II, L.P. (“Fund II”) with $152.25 million in limited lover and basic spouse commitments.
Fund II will search for to carry on Peloton’s approach of investing advancement capital in revolutionary health care corporations and partnering with management groups to reach accelerated advancement and benefit generation. Peloton invests across a extensive range of health care sectors with a emphasis on differentiated companies that it thinks are positioned to reward from secular marketplace tailwinds. A few investments have been manufactured out of the fund to date:
- Based in Austin, TX, ClearSky Well being is a leading service provider of inpatient rehabilitation (IRF) and connected submit-acute treatment solutions to patients in need of intensive treatment adhering to an acute party.
- Centered in Rochester, NY, AeroSafe World is a service provider of cold chain packaging and logistics options (chilly-chain-as-a-assistance) to the pharmaceutical, biopharmaceutical, specialty pharmacy and health-related system industries.
- Based mostly in Denver, CO, Friday Overall health Designs is a supplier of shopper-oriented health and fitness strategies to folks and little teams in Colorado, Nevada, New Mexico and Texas.
With the close of Fund II, Peloton will have the cash out there to make quite a few new portfolio enterprise investments and assist adhere to on investments in its existing portfolio corporations.
Peloton is also welcoming a group of five Working Associates for Fund II. Tom Bailey, Kevin Hill, Ted Hull, Keith Longson and Albert Prast, who all provide practical experience and business-making know how that is complementary to Peloton’s financial commitment crew and specially relevant to companies and sectors Fund II will focus on. Biographies of the firm’s Functioning Companions and GP Advisory Board can be found at pelotonequity.com.
Commitments to Fund II came from a various established of buyers, which include healthcare businesses, economical institutions, fund of funds, loved ones places of work, and people. “We are energized to announce the last near on Fund II,” said Ted Lundberg, Co-Founder and Running Associate of Peloton Fairness. “We are grateful for the sturdy assistance we gained from our existing traders and the new institutional limited partners that fully commited to Peloton’s advancement funds investing approach.” The investment decision professionals have also fully commited to make investments a major volume of private money together with the fund.
Carlos Ferrer, Co-Founder and Husband or wife at Peloton, extra, “Our practical experience and deep network of health care field associations enable Peloton to identify the current market traits and firms that we feel are sustainable and will travel the industry ahead. We are gratified to see the team’s system resonate with investors.” The financial investment staff at Peloton has been investing jointly for more than a decade and has above 70 years of put together practical experience investing in the health care marketplace. The Peloton crew has been accountable for over 30 healthcare firm investments and 25 realizations.
Peloton targets organizations with amongst $20 million and $200 million of income at expense and seeks to be a major trader in its portfolio providers. Peloton seeks providers with superior expansion opportunity, pushed by a clear worth proposition to the healthcare market. Peloton targets profits progress of between 3 and 5 occasions about the existence of its investment decision.
Peloton Fairness, LLC ( pelotonequity.com ) is a Connecticut-dependent private equity business concentrating solely on development money investments in the health care market. Peloton was formed in 2014 as the successor firm to Ferrer Freeman & Enterprise (“FFC”) and invests in companies with the administration crew, market place chance and business design to increase revenues drastically. Peloton’s investment crew has invested in over 30 exceptional healthcare firms and deployed around $770 million in capital. New investments contain AeroCare Holdings, AeroSafe International, Arcadia Solutions, ClearSky Health and fitness, Friday Health and fitness Plans, HPOne and IDX.
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Industry Search phrase: General Health and fitness FINANCE BANKING Health and fitness Skilled Products and services
Supply: Peloton Fairness, LLC
Copyright Enterprise Wire 2021.
PUB: 02/11/2021 08:30 AM/DISC: 02/11/2021 08:31 AM
Copyright Company Wire 2021.
