NovaQuest Capital Management LLC’s private-equity unit has spun off into a new entity called QHP Capital LP and is pitching its second fund, according to regulatory filings and people familiar with the fundraising efforts.

QHP spun out of Raleigh, N.C.-based NovaQuest in 2021 and will continue to operate as a healthcare investor in lower midmarket tech-enabled pharmaceutical services companies, one regulatory filing said.

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NovaQuest Capital Management is a leading investor in life sciences and healthcare through our Product Finance and Private Equity strategies. NovaQuest was formed in 2000 with the vision of building an investment platform to provide strategic capital to life sciences and healthcare companies.

Source: Wall Street Journal

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