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Alternative Assets  + Private Equity  |  May 31, 2024
Eir Partners Quickly Closes $496M Sophomore PE Fund
By: Joe Palmisano

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.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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