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Revelstoke raises $1.7bn for third fund, surpassing $1bn target

Revelstoke Capital Partners (“Revelstoke”), a Denver-based private equity firm with $5.8bn of assets under management, has raised a total of $1.7bn in capital commitments for Revelstoke Capital Partners Fund III.

The fundraising, which includes various affiliated investment vehicles, is substantially in excess of the fund’s original $1bn target.

Revelstoke, which focuses on banking and building companies in the healthcare and related health and wellness sectors, has to date raised three flagship private equity funds, three single-asset continuation vehicles under the EPIC series, and numerous co-investment vehicles since its inception in 2013.

Since 2018, the firm has raised $3.7 billion of equity commitments to execute on its strategy of working with entrepreneurs and management teams to build healthcare services companies.

Houlihan Lokey Capital served as placement agent, and Simpson Thacher & Bartlett provided legal advice to RCP Fund III.

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