BPEA has announced it has closed its BPEA Strategic Healthcare fund with $352 million.
The new fund includes commitments from 16 organized labor groups and other institutional investors. BPEA stated the new fund — the firm’s fourth dedicated healthcare fund and tenth overall fund — will invest in private healthcare companies directly and through specialist healthcare private equity firms.
More specifically, the fund will target investments in healthcare services and healthcare information technology companies.
BPEA, based in Boston, is a private equity firm focused on small and lower middle market buyout and growth investing as well as customized investment solutions. The firm focuses on profitable U.S. businesses with enterprise values generally below $100 million and EBITDA between $1 million and $10 million, as well as fund managers that target similar opportunities with fund sizes generally below $300 million.