Insight

SkyKnight Capital racks up $1bn for fourth fund

SkyKnight Capital Fund IV's limited partners include endowments, foundations, pensions, family offices, and institutional investors.

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  • Ropes & Gray LLP serves as fund counsel
  • No placement agent was used
  • Launched in 2015, SkyKnight manages over $3.5 billion

SkyKnight Capital has closed its fourth fund at $1 billion.

SkyKnight Capital Fund IV’s limited partners include endowments, foundations, pensions, family offices, and institutional investors.

“We are grateful for the support of our like-minded partners and pleased to announce the closing of Fund IV, which will allow us to continue to execute our investment strategy,” said Managing Partner Matthew Ebbel in a statement. “Fund IV will aim to invest in approximately ten platform companies where SkyKnight can bring our collaborative, entrepreneurial approach to building industry-defining businesses alongside aligned management and owners.”

Ropes & Gray LLP serves as fund counsel. No placement agent was used.

Launched in 2015, SkyKnight manages over $3.5 billion. Based in San Francisco, SkyKnight has made investments ranging from $50 million to $250 million in healthcare, financial services, and tech-enabled services companies in North America.