SkyKnight Soars to $1B Close with Fourth Fund
Buyout firm SkyKnight Capital held the final closing of its fourth fund, SkyKnight Capital Fund IV, with $1 billion in capital commitments from endowments, foundations, pensions, family offices and institutional investors.
The latest fund from the San Francisco-based firm is significantly larger than the $600 million it raised for the hard cap close of Fund III in 2021 and quadruple the size of its $250 million sophomore fund that closed in 2019.
“Fund IV will aim to invest in approximately 10 platform companies where SkyKnight can bring our collaborative, entrepreneurial approach to building industry-defining businesses alongside aligned management and owners,” said managing partner Matthew Ebbel.
The firm focuses on partnering with businesses in “acyclical growth sectors.” The firm manages over $3.5 billion and is 100% employee owned. Since its launch in 2015, the firm has made 16 platform investments, which have further made more than 100 add-on acquisitions.
SkyKnight has made investments ranging from $50 million to $250 million in healthcare, financial services and tech-enabled services companies in North America.
