Los Angeles-based private equity investor Varsity Healthcare Partners has reported gathered at least $200m for its debut fund.
The firm is also nearing its first deal since being founded in late 2012 according to Venture Capital Journal, which cited two sources familiar with the firm.
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.
The firm was launched by former Aurora Capital partner David Alpern and ex-Fenway Partners vice president Bradley Smiedt.
They have since been joined by Kenton Rosenberry, who previously worked with lower mid-market private equity firms MTS Health Investors and Enhanced Equity Funds.
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