DW Healthcare Partners Nabs $210M for Founders Fund

DW Healthcare Partners, a Toronto and Park City, UT-based lower middle market, healthcare-focused private equity firm, has closed its $210 million DW Healthcare Partners Small Cap LP.

The fund, also known as the Founders Fund, will invest in companies from $3 million $6 million EBITDA. The fund currently has two investments: TubeWriter and DermLite. The new fund brings DWHP’s total capital under management to $1.3 billion.

“As we have raised larger funds, launching this dedicated smaller fund focused on small companies is a logical next step. This fund brings us back to our original roots,” said Andrew Carragher, Co-Founder and Managing Partner.

M2O Private Fund Advisors acted as DW Healthcare Partners’ placement agent in the U.S.; August Capital acted as placement agent in Canada; and Kirkland & Ellis LLP acted as legal counsel.