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Alternative Assets  + Private Equity  | 
Sheridan Capital Partners Closes Third Healthcare Buyout Fund at $575M

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 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.