NexPhase Capital Collects $544 Million for Fourth Buyout Fund

Lower midmarket-focused private-equity firm NexPhase Capital has raised $544 million for its fourth fund focused on investments in software, healthcare and consumer businesses.

NexPhase Capital Fund IV closed at its hard cap of $544 million, a roughly 50% increase over its third fund, which collected $361 million and held a final close in 2018. The new fund held a first close in late 2019, according to Ted Yun, a managing partner at NexPhase. He declined to provide the amount of capital involved in that close.

NexPhase Capital (‘NPC’) is a thematic and operationally-focused private equity firm that partners with growth-oriented companies that are seeking a value-added partner in order to navigate the “next phase” of their growth. NPC targets control buyouts in leading lower middle market companies in three primary sectors: consumer, healthcare, and software & services.

Source: Wall Street Journal