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.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
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
Can’t stop reading? Read more
Ares makes Australia private equity debut with majority stake in Redback Boots
Ares makes Australia private equity debut with majority stake in Redback Boots Ares Management has...
KKR leads $700m raise for Saviynt, valuing identity security leader at $3bn
KKR leads $700m raise for Saviynt, valuing identity security leader at $3bn KKR has led a $700m...
Blackstone joins BC Partners and Abrams in $907.5m US Salt acquisition as ContextLogic reinvents itself
Blackstone joins BC Partners and Abrams in $907.5m US Salt acquisition as ContextLogic reinvents...