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Varsity Healthcare Partners hits $240m final close for debut fund

22 May 2014

losangeles_170sqLos Angeles-based private equity investor Varsity Healthcare Partners has held a $240m final close for its debut fund, it is understood.

The firm, which was launched by former Aurora Capital partner David Alpern, has already made two deals with the vehicle according to Buyouts.

It cited a person familiar with the firm, who said the investments were in the eye care and dermatology fields.

AltAssets reported in March that the firm had gathered at least $200m for the fund and was nearing its first deal.

Varsity targets healthcare provider platforms with up to $10m in EBITDA, and aims to deploy at least $50m of equity capital over the lifetime of an investment.

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