SAN FRANCISCO--(BUSINESS WIRE)--SkyKnight Capital, L.P. (“SkyKnight”), is pleased to announce the final closing of SkyKnight Capital Fund IV, L.P. (“Fund IV”), with $1 billion in commitments from endowments, foundations, pensions, family offices, and institutional investors. Fund IV exceeded its target and was significantly oversubscribed, with strong support from a diversified base of returning and new limited partners.
“We are grateful for the support of our like-minded partners and pleased to announce the closing of Fund IV, which will allow us to continue to execute our investment strategy. Fund IV will aim to invest in approximately ten platform companies where SkyKnight can bring our collaborative, entrepreneurial approach to building industry-defining businesses alongside aligned management and owners,” said Managing Partner Matthew Ebbel.
Partner Mara Hunt commented, “We are honored by the responsibility entrusted to us by our investors, and we are excited to continue to execute our differentiated private equity strategy. Fund IV was raised with over 100% net retention from existing limited partners, and we also welcomed over twenty new limited partners, representing America’s leading endowments, corporate and state pensions, and private market institutional investors.”
SkyKnight focuses on partnering with high quality businesses in acyclical growth sectors alongside exceptional management teams. SkyKnight manages over $3.5 billion and is 100% employee owned. Since its launch in 2015, SkyKnight has made sixteen platform investments, which have further made more than 100 add-on acquisitions. SkyKnight has made investments ranging from $50-250 million in healthcare, financial services, and tech-enabled services companies in North America.
Ropes & Gray LLP serves as fund counsel. The firm engaged no intermediary to assist in fundraising. More information is available at www.skyknightcapital.com.