EDG Partners, a private equity firm focused exclusively on the healthcare industry, has closed its second fund, EDG Partners Fund II, LP. The fund closed above target at USD177.75 million.
The new fund brings the total capital managed by EDG Partners to over USD260 million. Touchstone Group, LLC provided fundraising support to the firm.
EDG Partners, with offices near Atlanta and Washington, DC, is a private equity firm that provides capital, expertise, and relationships to enable small and middle market healthcare companies to achieve their potential.
Gaffney one of the founders of EDG Partners, says: "We are pleased to announce the final closing of our second fund. We are grateful to our investors, and we thank them for their continued support. A singular focus on healthcare, our team’s considerable investment and operating experience, and the demonstrated ability to partner with management teams to help companies grow will remain the core of our business strategy."
Founded in 2004, EDG Partners successfully invested Fund I and is already identifying opportunities to put Fund II resources to work. The firm seeks to invest in healthcare companies from all segments of the industry value chain, except those with FDA or medical research risk. EDG looks for companies with an established customer base, positive cash flow, and a scalable business model. Typical investments range from USD5 million to USD30 million in equity, but EDG has the ability and experience to provide significantly more capital.
