Welsh Carson Anderson & Stowe is back on the fundraising trail with a goal of collecting at least $5bn to invest in healthcare and technology companies, Connecticut Retirement Plans and Trust Funds documents show.
The firm hasn’t set an upper limit for the latest fund, WCAS XIV LP, and expects to hold a first close later this month, according to public documents prepared for a Wednesday meeting of the pension overseer’s investment council. The firm expects to commit at least $200 million to the fund, the documents show.
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Welsh, Carson, Anderson & Stowe focuses its investment activity in two target industries, information/business services and healthcare. Since its founding in 1979, the Firm has organized 15 limited partnerships with total capital of $20 billion. The Firm is currently investing an equity fund, Welsh, Carson, Anderson & Stowe XI, L.P.
Source: Wall Street Journal
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