Fund size: $1.35 billion in total commitments for Consonance Private Equity III, L.P. (Fund III).
Final close: Reached its $1.35 billion hard cap in a heavily oversubscribed process.
Fundraising timeline: Closed in just under four months.
Investment strategy: Focused on lower and middle-market U.S. healthcare companies.
Investor base: Strong support from existing LPs, alongside a select group of new investors.
Investor profile: Diverse global mix of endowments and foundations, pension plans, and financial institutions.
Fund strategy: Continues the approach of its predecessor funds, partnering with high-quality management teams to build businesses delivering sustainable value through high-quality, cost-effective healthcare.
Mitchell Blutt, MD, Nancy-Ann DeParle, Benjamin Edmands, Stephen McKenna, Managing Partners: “We are thrilled to close Fund III at its hard cap and want to thank our limited partners for their tremendous support. We also want to thank the management teams of our existing and previous portfolio companies who have been steadfast partners and major contributors to these results.”
