In an exhilarating turn of events, Leavitt Equity Partners announced the triumphant closure of its third private equity fund, Leavitt Equity Partners III. The fund, expertly advised by Dorsey & Whitney LLP, not only met but soared beyond its initial goal by securing a remarkable $180 million in commitments, leaving industry insiders in awe.
Dorsey & Whitney Closes $180M Fund: A Strategic Focus on Healthcare Transformation
Leavitt Equity Partners, headquartered in Salt Lake City, strategically channels the fund towards lower middle market healthcare companies. The emphasis lies on services, innovative care models, and cutting-edge technologies poised to revolutionize the healthcare landscape by delivering enhanced value in terms of reduced costs, superior quality, and improved accessibility, according to the statement released on Friday.
Visionary Leadership: Navigating the Healthcare Revolution
Andrew Clark, Managing Partner at Leavitt Equity Partners, shared insights into the firm’s approach, stating, “We believe our ability to bring deep healthcare policy and strategic expertise enables significant growth potential for our portfolio companies as we look to support a more value-driven healthcare future.”
Dorsey & Whitney Closes $180M Fund: Diverse Partners Propel Fund’s Success
The fund garnered robust support from a diverse limited partner base, comprising strategic healthcare partners, insurance giants, foundations, and family offices. This eclectic mix of supporters underscores the broad appeal and confidence in Leavitt Equity Partners’ vision and execution strategy.
Resounding Approval: Industry Praises Fundraise Outcome
CEO and Managing Partner Taylor Leavitt expressed delight at the overwhelming response, stating, “We are delighted with the outcome of this fundraise and the strong support from both existing and new investors.”
Dorsey & Whitney: Navigating Legal Waters
While full legal counsel details for the Dorsey & Whitney team advising Leavitt Equity Partners were not immediately available on Friday, the legal heavyweight undoubtedly played a pivotal role in steering the private equity firm towards its resounding success.
A Legacy of Excellence: Leavitt Equity Partners’ Journey
Founded in 2014 by former U.S. Department of Health and Human Services Secretary Michael Leavitt, Leavitt Equity Partners has steadily climbed the ranks, currently managing an impressive $400 million in capital. The firm strategically aligns itself with strategic healthcare partners, including healthcare provider systems, insurers, service providers, information technology companies, pharmaceutical giants, and healthcare visionaries.
Dorsey & Whitney Closes $180M Fund : Powerhouses in Healthcare Transformation
The firm’s portfolio boasts an array of transformative companies, including Care Hospice, Zing Health, ShareMD, and RHA Health Services, all poised to revolutionize healthcare in their respective domains.
