– Northlane Capital Partners (“Northlane” or “NCP”) announced the final closing of its oversubscribed third private equity fund, Northlane Capital Partners III LP (“NCP III” or “Fund III”).
– Fund III reached its hard cap of $750 million, exceeding its $550 million target.
– The total raised represents significant growth compared to its predecessor, which closed at $408 million.
– Global investors include pension funds, insurance companies, endowments and foundations, asset managers, healthcare institutions, funds of funds, and family offices.
– Northlane is a middle market private equity firm specializing in niche subsectors within healthcare and business services.
– The firm is led by Founding Partners Justin DuFour, Sean Eagle, and Eugene Krichevsky.
– The core team has executed a consistent investment strategy for over 20 years.
– Northlane has deployed $1.8 billion of equity capital across 32 platform investments, 23 of which have been exited.
– The firm focuses on acquiring niche market leaders, often founder-owned businesses.
– Target sectors benefit from long-term secular tailwinds such as:
Increasing healthcare utilization driven by an aging population. Growing demand for cost-effective outsourced services. Rising adoption of technology-enabled solutions.
– Founding Partners’ joint statement highlighted gratitude for the support of both existing and new limited partners. Investor confidence in Northlane’s team, investment philosophy, and post-close value creation capabilities.
Recognition that investors are prioritizing firms with proven value creation across economic cycles.
