June 15, 2017 | Announcements
GCA Advises InTandem Capital Partners on $186M Raise for Its Inaugural Healthcare Services Buyout Fund
We are pleased to announce that our client, InTandem Capital Partners, LLC, a newly formed private equity firm, closed its inaugural healthcare services buyout fund at $186.2 million, exceeding its original $150 million target.
The buyout fund, InTandem Capital Partners Fund, LP (the “Fund”), will focus on control investments in healthcare services companies. Limited partners include a blue-chip roster of institutional investors, including endowments, foundations, family offices and outsourced CIO firms. The offering was oversubscribed, with the Fund closing significantly higher than the original target within only five months of formal marketing.
The Fund will be managed by an experienced team of professionals who have worked together for over a decade and who have a strong combination of deep industry experience, operational expertise and transaction skills.
InTandem Capital Founder and Managing Partner Elliot Cooperstone commented: “The strong response we received during the fundraising process is a testament to the success of our operationally intensive investment model. We look forward to continuing our proven approach to investing and creating value by working collaboratively with management to build market leading healthcare services companies.”
GCA served as the exclusive placement advisor to InTandem Capital in connection with this fundraise. This deal adds to GCA’s extensive track record as a leading financial advisor in the private funds sector, with multiple successful fundraisings for a variety of private equity strategies. Since GCA formed its private funds group in 2014, the group has advised on transactions totaling $3.2B.
GCA is a premier global investment bank serving a broad client base through a range of advisory services including mergers and acquisitions, debt and equity capital markets, private funds, restructuring, and asset management. GCA is a global advisor providing insightful advice and is focused on building long-term relationships based on trust. GCA delivers deep expertise in many key industries and has a particular focus in Technology, Software, Media, Digital Media, Communications, Industrials and Industrial Technology, Healthcare, Financial Institutions, FinTech and Business Services. GCA has teams of highly experienced bankers in San Francisco, New York, Tokyo, Frankfurt, London, Manchester, Milan, Mumbai, Munich, New Delhi, Osaka, Shanghai, Singapore, Tel Aviv and Zurich. For more information, visit gcaglobal.com.