Denali raises $203m for initial fund

Denali Growth Partners has closed its inaugural fund at $203 million. Strathmore Group LLC served as placement agent and strategic advisor for the fund while DLA Piper LLP provided legal counsel. Based in Boston, Denali invests in the healthcare technology sector.

PRESS RELEASE

BOSTON — Denali Growth Partners (“Denali”) announced the closing of its $203 million inaugural fund, Denali Growth Partners Fund I, L.P., which was oversubscribed and secured commitments from a global and diversified institutional investor base. Denali’s team has previously partnered with leading entrepreneurs, many of whom have built high-growth transformational technology companies.

“Denali is a firm built to identify fast-growing, capital-efficient businesses serving the healthcare ecosystem and partner with management teams to accelerate growth with our differentiated approach, strategy, and resources. We are honored to have the support of numerous entrepreneurs who have built market-leading businesses as well as commitments from our institutional limited partners,” said Founder & Managing Director Jesse Lane. Denali secured commitments from a blue-chip investor base comprised of leading pension plans, funds of funds, family offices, and foundations.
“We appreciate the support of Denali’s outstanding and diverse group of limited partners who mobilized quickly amid a global health crisis. While the past year has been a challenging period for emerging managers, we are fortunate to have partnered with an exceptional and forward-thinking investor base,” said John Cosgrove, CEO of Strathmore Group.

Strathmore Group LLC served as Denali’s exclusive strategic advisor and as its placement agent.

DLA Piper LLP provided legal counsel.