Eir Partners Quickly Closes $496M Sophomore PE Fund

Eir Partners, a middle market private equity firm focused on healthcare technology and tech-enabled services, announced the final closing of Eir Partners Investment Program II with $496 million in capital commitments.

The Miami, FL-based firm took less than four months to raise the oversubscribed program. The firm previously raised $255 million for its maiden program, Eir Partners Program I, which closed in 2021 and invested in five platform investments.

Eir’s investment stages include growth equity through control buyouts, writing checks ranging from $25 million to $100 million. Its investments to date include Apixio, Capta, GiftHealth, Helpware and ReviveHealth.

Founded by Brett Carlson, the firm said It said the fund will look to back “disruptive companies that have proven market fit and scale demonstrating outsized organic growth potential coupled with accretive M&A opportunities.”

According to PitchBook’s Q1 2024 US PE Breakdown, middle-market funds raised $177.3 billion in 2023, close to the annual records of $194.3 billion and $189.9 billion set in 2021 and 2022, respectively. According to the research, an uncertain economic environment has led to more capital being deployed to funds focused on smaller deals.

Lazard Frères & Co. LLC acted as the exclusive placement advisor, and Kirkland & Ellis LLP served as legal counsel in the formation of Eir Partners Investment Program II.