Frontline Healthcare Partners Closes Inaugural Fund at $125M
– Frontline Healthcare Partners (“Frontline” or “FHP”), a private equity firm headquartered in Charleston, announced the final close of its inaugural fund, Frontline Healthcare Partners, L.P., at $125 million.
– The Fund targets control investments in micro-cap distributed healthcare businesses, partnering with entrepreneurs to create market-leading healthcare companies.
– Leverages Frontline’s expertise in healthcare services and operational value creation.
– Supports healthcare entrepreneurs transforming care delivery models and enhancing access, outcomes, and efficiency.
– Prioritizes the patient and customer experience while maintaining strong business fundamentals.
– Portfolio Investments: Bay Area Clinical Associates, JoyBridge Kids, LivWell Infusions, Porch Light Health.
– Derek Spence, Co-Founder and Partner at Frontline stated: “The successful closing of our inaugural fund underscores our confidence in the micro-cap distributed healthcare sector and the tremendous potential for partnerships with visionary entrepreneurs.”
– Investor Interest: Attracted support from institutional investors, family offices, and high-net-worth individuals, alongside its anchor investors.
– CrossBay Capital Partners acted as Placement agent and Latham & Watkins as Legal counsel.