Council Capital, a healthcare-focused private equity firm based in Nashville, has closed its fourth fund, Council Capital IV, at its hard cap of USD200 million in third party capital commitments. Council Capital’s most recent fund, Council Capital III, began investing USD149 million of total third party commitments in 2015.
Council Capital IV will continue the firm’s focus on investing in attractive lower middle market healthcare services and healthcare information technology companies that it believes are focused on the right side of change in healthcare, are well-positioned for rapid growth, and fit within the firm’s focused set of targeted healthcare sub-sectors. Council Capital leverages its deep domain experience and resources to help portfolio companies build value through operationally focused, growth-oriented initiatives. To help execute its strategy, Council Capital deploys its business development team, value creation team, strategic healthcare investors, and “CEO Council” – a formal network of executives recognized as innovators, healthcare industry thought-leaders and company builders.
Council Capital IV received support from strategic healthcare investors, pension funds, foundations and endowments, funds of funds, and family offices. In addition, the 34 CEO Council members made significant investments.
Grant Jackson, Managing General Partner at Council Capital, says: “We are excited about the successful closing of Council Capital IV and humbled by the interest received from investors. Our goal is to ensure that every investment we make delivers value for our investors as well as our portfolio company teams and the customers they serve. We are excited to continue building our portfolio of companies on the right side of change in healthcare – which we categorize as companies making contributions to improve the healthcare system and accelerating the shift from volume of service to the delivered value of service. We greatly appreciate that our investors have entrusted us to execute the Council Model with their capital.”
Recent investments made by Council Capital include Advanced Care Partners, a provider of in-home nursing to medically fragile populations (primarily children); NeurAbilities, a provider of integrated behavioural and medical health services to children with autism and special needs; Physician Housecalls, a provider of geriatric primary care services via home visitation and telemedicine; Savida Health, a provider of outpatient addiction treatment services, and WCCC, a software company focused on developing an end-to-end cost containment solution.