Regal Healthcare Capital Partners (RHCP) has announced the closing of its third fund with $415 million of committed capital.

RHCP III exceeded its $325 million target.

Regal, based in New York, is a healthcare private equity firm focused exclusively on investments in healthcare services companies. Founded in 2018, the firm prefers to make equity investments of $20 million to $70 million in each opportunity, with target investments ranging from $20 million to $100 million of revenue.

With Regal’s first two funds, which were raised in February 2018 and July 2019, Regal states it now manages a committed capital base exceeding $665 million.