London-based private equity firm GHO Capital, which invests in global healthcare, has closed its third fund, GHO Capital III LP, less than four months after entering the market, with more than €2 billion of capital available to invest.

Double the size of its 2019 predecessor, Fund III was supported by existing and new investors. The fully virtual fundraise was significantly oversubscribed and exceeds its target of €1.25 billion, taking total assets under management to around €5 billion.

The Fund will maintain GHO’s thematic focus in identifying attractive healthcare subsectors, building businesses of strategic global value. GHO said it will continue to back strong management teams, create operational capability and capacity, drive internationalisation with a transatlantic focus, and pursue business transformation through strategic add-ons.

The partners at GHO Capital stated: “We have seen unprecedented deal activity in our portfolio and the sector at large. Our pipeline is more active now than ever before. The pandemic has served to highlight the strong, secular sector tailwinds that guide GHO’s investment thesis; an ever-growing need for better, faster, more accessible healthcare. We thank all our investors for placing their confidence in us and we look forward to working with them in the years ahead.”

GHO Capital is advised by law firm Kirkland & Ellis and placement agent Rede Partners on the fundraising.

Date published: July 20, 2021

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