Essex Woodlands has completed fundraising for its new fund, Essex Woodlands Fund IX, according to a SEC filing.
Fundraising was closed at the fund’s cap of $543.1 million.
Essex Woodlands, headquartered in Palo Alto, Calif., is a healthcare-focused PE firm that invests broadly across the healthcare spectrum. The firm, which prefers to make investments in companies with $20 million to $200 million in revenue and that are EBITA-positive or soon to be positive, considers minority or majority positions.
Since its founding in 1985, Essex Woodlands reports it has made more than 150 investments.