RoundTable Healthcare Partners’ Formation Of Equity Fund V


Davis Polk advised RoundTable Healthcare Partners in connection with the formation of, and the sale of limited partner interests in, its fifth private equity fund complex, consisting of RoundTable Healthcare Partners V, L.P. and RoundTable Healthcare Investors V, L.P. (together, “Equity Fund V”), which raised an aggregate of $700 million in capital commitments.

Equity Fund V will make equity investments in leveraged buyout transactions of middle-market health care companies.

RoundTable is an operating-oriented private equity firm focused exclusively on the healthcare industry. RoundTable partners with companies that can benefit from its extensive industry relationships and proven operating and transaction expertise. RoundTable has raised $3.45 billion in capital commitments, including five equity funds totaling $2.85 billion and three subordinated debt funds totaling $600 million.

Davis Polk & Wardwell LLP served as legal advisor to RoundTable for the fundraising efforts. RoundTable did not use a placement agent.

The Davis Polk investment management team included partner Leor Landa (Picture), associates Benjamin Milder, Michael W. Brasher, Caroline Ceriello and Travis Ortiz. Partner Mary Conway, counsel Ethan R. Goldman and associates Elina Khodorkovsky and Jonathan Saltz provided tax advice. Counsel Charles Shi provided ERISA advice.

Involved fees earner: Michael Brasher – Davis Polk & Wardwell; Caroline Ceriello – Davis Polk & Wardwell; Mary Conway – Davis Polk & Wardwell; Ethan Goldman – Davis Polk & Wardwell; Elina Khodorkovsky – Davis Polk & Wardwell; Leor Landa – Davis Polk & Wardwell; Benjamin Milder – Davis Polk & Wardwell; Jonathan Saltz – Davis Polk & Wardwell; Charles Shi – Davis Polk & Wardwell; Travis Ortiz – Weil, Gotshal & Manges;

Law Firms: Davis Polk & Wardwell; Weil, Gotshal & Manges;

Clients: RoundTable Healthcare Management, LLC;

Author: Ambrogio Visconti