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Alternative Assets  + Private Equity  |  July 21, 2023
Sheridan Capital Partners Closes Third Healthcare Buyout Fund at $575M
Joe Palmisano
By: Joe Palmisano

Sheridan Capital Partners Closes Third Healthcare Buyout Fund at $575M

Healthcare private equity firm Sheridan Capital Partners closed its oversubscribed third buyout fund, Sheridan Capital Partners Fund III, LP and its parallel fund, at $575 million, exceeding its target of $450 million.

The Chicago-based firm focuses on lower middle market buyout and growth equity companies in the healthcare industry. The fund will continue Sheridan’s strategy of making control investments in North American founder-owned businesses with $3 million to $20 million of EBITDA.

“We are grateful for the continued confidence of our investors, and we look forward to pursuing a deep pipeline of opportunities to build a diversified, thesis-driven portfolio within lower middle market healthcare,” said Jonathan Lewis, Founder & Partner of Sheridan.

Sixpoint Partners served as the exclusive global placement agent for Fund III and Kirkland & Ellis LLP served as fund counsel.

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Sheridan Capital Partners

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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