The Chicago-based firm also has likely secured commitments that would get it to its target of $300 million, says the source. The fund’s hard cap is $350 million.
Park Hill Group, the New York-based placement agency owned by The
Investors in Linden’s first fund included funds-of-funds manager Parish Capital Advisors and Chicago-based buyout firm Madison Dearborn Partners.
Linden participates in a broad range of deal sizes, from $10 million to $2 billion. It invests in U.S. and Canada-based health care and life sciences companies in such niche markets as animal health products, health care services, hospital products and life science equipment.
The firm was founded in 2002 by former professionals from First Chicago Equity Capital. Partners include Anthony Davis, Eric Larson and Brian Miller. —Bernard Vaughan