Welsh, Carson, Anderson & Stowe Raises Over $5bn in Its Largest Private Equity Fund to Date

Welsh, Carson, Anderson & Stowe, a leading private equity firm focused exclusively on the healthcare and technology industries, announced that it has completed fundraising for WCAS XIV, L.P. The Fund closed at over $5bn of total capital, above both its target and the Firm’s prior fund, WCAS XIII, L.P., which closed at $4bn.

The Firm said that WCAS XIV received strong support from new and long-time WCAS investors with a Limited Partner re-up rate of approximately 95% and the four largest investors in WCAS XIV increased their capital commitment by approximately 25% from WCAS XIII. As in prior funds, the Firm’s General Partners collectively represent one of the largest investors in WCAS XIV.

Get the week’s top news delivered directly to your inbox – Sign up for our newsletter

Since WCAS’s founding in 1979, the Firm has raised over $31bn of committed capital and has invested in over 95 healthcare and 110 technology companies. As with prior funds, WCAS XIV will seek to partner with proven management teams to acquire growing companies and drive value through operational improvements as well as organic and strategic M&A growth initiatives.

WCAS Managing Partner D. Scott Mackesy said: “We are grateful for the strong support of our Limited Partners for WCAS XIV. We look forward to continuing to pursue our proven strategy of partnering with outstanding management teams to build leading companies in our two specialised industries – healthcare and technology.”

Source: PR News Wire

Can’t stop reading? Read more