Regal Closes Fund II After Reaching Its Hard Cap
“Regal Healthcare Capital Partners closed its sophomore fund at its hard cap of $165 million, according to a person with knowledge of the matter. The New York firm, which invests in healthcare services companies in the lower-middle-market, beat its $125 million target.
The vehicle’s LP base includes healthcare services executives and entrepreneurs, some of which have their own family offices, as well as doctors who have over the years invested with David Kim, a seasoned healthcare exec and one of two Regal co-founders.
Two blue chip institutional investors that have been active participants in healthcare investing have joined Fund II, the person said. Regal’s GP commitment to Fund II is north of $20 million, the person added.”
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