Insight

3 Boomerang capital raises over $375m for fund

The fund's limited partners include endowments, foundations, pensions, insurers, fund of funds, family offices, and 3BC professionals.

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  • 3 Boomerang Capital I was officially brought to market in early 2023
  • Eaton Partners was the placement agent
  • Based in Greenwich, Connecticut, 3BC invests in the healthcare industry

3 Boomerang Capital has closed its new fund at over $375 million, beating its $350 million target.

The fund’s limited partners include endowments, foundations, pensions, insurers, fund of funds, family offices, and 3BC professionals.

3 Boomerang Capital I was officially brought to market in early 2023.

The private equity firm was founded by industry veterans Adam Dolder and Adam Elberg.

On the funding, Dolder said in a statement, “We are thrilled with the success of our inaugural private equity fund and are grateful for the partnership and trust of our limited partners. This accomplishment reinforces our commitment to fostering creative investment partnerships with healthcare entrepreneurs that bolsters the growth of their businesses.”

McDermott Will & Emery LLP served as legal counsel and Eaton Partners was the placement agent.

Based in Greenwich, Connecticut, 3BC invests in the healthcare industry.