Latticework Capital Management Closes LCM Healthcare Fund II; Exceeds Target at $345 Million
May 02 2024 - 6:30AM
Business Wire
Latticework Capital Management (“Latticework” or “LCM”), a
growth oriented private equity firm focused exclusively on making
control equity investments in the healthcare industry, today
announced the final closing of LCM Healthcare Fund II (“Fund II”),
exceeding the $275 million target with total commitments of $345
million. Fund II added a diverse group of global investors,
including leading endowments, family offices, and fund of
funds.
“We are incredibly grateful for the support of both new and
returning limited partners and look forward to building off the
success of our previous funds,” said Kyle Bradford, Managing
Partner and co-founder of Latticework. “This is an important
milestone for the firm, particularly given the ongoing challenges
of the fundraising environment, and we are excited to continue
leveraging our expertise and experience to take advantage of the
tremendous opportunities in lower middle market healthcare.”
Consistent with its predecessor funds, Fund II will target
control investments in lower middle market healthcare companies
that are founder led and seeking a partner to accelerate growth.
LCM focuses on opportunities in subsectors where the firm can
create value through organic growth initiatives and accretive
add-on acquisitions, driving value to customers and the overall
healthcare ecosystem.
“We have a demonstrated track record of building partnerships
with founders and entrepreneurs to grow their businesses both
organically and strategically while ensuring we remain aligned with
our value creation plans,” said Steve Neumann, Managing Partner and
co-founder of Latticework. “The contributions of our partners,
strategic advisors and the entire Latticework team remains a
critical part of ensuring our collective success.”
With the closing of Fund II, LCM has raised more than $550
million since the Firm’s founding. Over the last nine years, LCM
has completed 11 platform transactions and 120 add-on acquisitions
to support the portfolio’s growth.
Acalyx Advisors Inc. (“Acalyx”) served as exclusive placement
advisor.
Hogan Lovells US LLP served as legal counsel to Latticework.
About LCM Headquartered in Dallas, TX, Latticework is a
growth oriented private equity firm focused exclusively on making
control equity investments in the healthcare industry. LCM has
completed more than 130 transactions across a diverse array of
healthcare subsectors and currently has more than $550 million in
assets under management. LCM leverages its more than 100 combined
years of healthcare and investing experience, as well as its
network of industry executives, to help companies scale and realize
their full long-term value. For more information, please visit
www.latticeworkcapital.com.
About Acalyx Advisors Acalyx is a highly selective
independent firm specializing in advisory, private placement, and
investor relations for leading alternative asset management firms.
The firm is led by respected industry veterans whose relationships
date back over the last two decades. Since inception, the Acalyx
team has collectively engaged in over 40+ fundraises and raised
over $28 billion across several strategies, including buyout,
special situations, and credit. For additional information, please
visit www.acalyx.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240502242439/en/
Jeremy Milner BackBay Communications (401) 862-9422
jeremy.milner@backbaycommunications.com