Ropes & Gray represented NovaQuest Private Equity in the transaction.
NovaQuest Private Equity announced the closing of its NovaQuest Private Equity Fund II at $500 million of LP commitments. The oversubscribed fund includes commitments from a diverse group of new and returning investors including pension plans, insurance companies, asset managers, private foundations, and family offices. Terms of the transaction were not disclosed.
NovaQuest Private Equity is a private equity firm that invests in lower middle-market healthcare companies primarily in North America. NovaQuest invests in services and technology companies where a strategic partner and operating resources can accelerate growth, targeting companies in healthcare and pharmaceutical services industries.
The Ropes & Gray team that represented NovaQuest Private Equity (Picture) was led by asset management partner Peter Laybourn, and included asset management counsel John Wang, Michael Jurasic and Alyssa Horton.
Law Firms: Ropes & Gray;
Clients: NovaQuest Private Equity;