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Revelstoke Capital Partners, a Denver-based private equity firm with $5.8 billion of assets under management, has announced the successful completion of fundraising for Revelstoke Capital Partners Fund III, L.P. (RCP Fund III) and various affiliated investment vehicles, totaling $1.7 billion. This fundraising effort has substantially surpassed its initial target of $1 billion, marking a significant milestone for the firm.
The Fundraising: Exceeding Expectations
The successful fundraising for RCP Fund III and its affiliated investment vehicles has exceeded expectations, raising a total of $1.7 billion and surpassing the initial target of $1 billion. This achievement is a testament to the firm’s robust investment strategies and the dedication of its team of investment professionals, in-house value creation specialists, and internal operations executives.
Revelstoke’s Vision: Capitalizing on Healthcare Services Sector
Revelstoke’s Co-Founder and Managing Partner, Simon Bachleda, expressed excitement about the current market opportunities in the healthcare services sector. The firm plans to invest the newly raised capital into compelling risk-reward investments while supporting its portfolio companies in their next stages of growth. Bachleda believes that the healthcare services industry will prove to be highly resilient through market dislocations, and there remains significant demand for high-quality healthcare procedures, products, and services.
Revelstoke’s Track Record: Building Market-Leading Companies
Since its inception in 2013, Revelstoke has raised three flagship private equity funds, three single-asset continuation vehicles under the EPIC series, and numerous co-investment vehicles. Since 2018, the firm has raised $3.7 billion of equity commitments to execute its strategy of working with entrepreneurs and management teams to build market-leading healthcare services companies.
Gratitude and Future Plans: A Diverse Investor Base
Russell Cassella, Managing Partner at Revelstoke, expressed gratitude for the continued support from existing investors and welcomed many new limited partners to Revelstoke. The firm is pleased with the continued expansion of its diverse investor base, which includes a broad group of pension funds, sovereign wealth funds, financial institutions, endowments, and family offices from across the globe.
Conclusion: A Bright Future for Revelstoke Capital Partners
With this successful fundraising, Revelstoke Capital Partners is well-positioned to continue its disciplined efforts to identify attractive investment opportunities in one of the largest and fastest-growing sectors of the U.S. economy. The firm’s future looks bright as it continues to revolutionize the healthcare services sector through its strategic investments.
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