Insight

Avista racks up $1.5bn for new fund

Avista Healthcare Partners VI targets middle-market product and technology healthcare companies in North America and Europe.

-
  • Rede Partners acted as global fundraising agent while Kirkland & Ellis provided legal counsel for Avista
  • Based in New York, Avista has invested over $8 billion in mmore than 45 healthcare businesses
  • The firm was founded in 2005

Avista Capital Partners has closed its latest fund at $1.5 billion, beating its $1.25 billion target.

Avista Healthcare Partners VI targets middle-market product and technology healthcare companies in North America and Europe.

On the fundraising, David Burgstahler, CEO of Avista, said in a statement, “We are greatly appreciative of the overwhelming support from our existing limited partners and our new investors. The closing of Fund VI is an endorsement of our long-held strategy of identifying and accelerating growth-oriented healthcare businesses with strong secular tailwinds.”

Rede Partners acted as global fundraising agent while Kirkland & Ellis provided legal counsel for Avista.

Based in New York, Avista has invested over $8 billion in mmore than 45 healthcare businesses. The firm was founded in 2005.