DENVER, CO, AUGUST 7, 2023 – Revelstoke Capital Partners (“Revelstoke”), a Denver-based private equity firm with $5.8 billion of assets under management, announced today that it has completed the successful fundraising for Revelstoke Capital Partners Fund III, L.P. (“RCP Fund III”) and various affiliated investment vehicles totaling $1.7 billion. RCP Fund III substantially surpassed its target of $1 billion.
“We are exceptionally proud of the firm we’ve built over the last decade with the dedication and perseverance from our highly skilled team of investment professionals, in-house value creation specialists, and internal operations executives,” commented Simon Bachleda, Co-Founder and Managing Partner of Revelstoke. “We have never been more excited about the current market opportunity in the healthcare services sector, and we look forward to investing our new capital into compelling risk-reward investments while supporting our portfolio companies in their next stages of growth.”
“We believe that the healthcare services industry will prove to be highly resilient through market dislocations. Even as the global economy navigates a challenging environment, there remains significant demand for high-quality healthcare procedures, products, and services,” added Mr. Bachleda. “We will continue to be disciplined in our efforts to identify attractive investment opportunities in one of the largest and fastest growing sectors of the U.S. economy.”
Revelstoke has raised three flagship private equity funds, three single-asset continuation vehicles under the EPIC series, and numerous co-investment vehicles since its inception in 2013. Since 2018, the firm has raised $3.7 billion of equity commitments to execute on its strategy of working with entrepreneurs and management teams to build market-leading healthcare services companies.
“We are deeply grateful for the continued support from our existing investors and are delighted to welcome many new limited partners to Revelstoke. We are pleased with the continued expansion of our diverse investor base which includes a broad group of pension funds, sovereign wealth funds, financial institutions, endowments, and family offices from across the globe,” said Russell Cassella, Managing Partner.
Houlihan Lokey Capital, Inc. served as placement agent, and Simpson Thacher & Bartlett LLP provided legal advice to RCP Fund III.
About Revelstoke Capital Partners
Revelstoke is a private equity firm formed by experienced investors who focus on building industry-leading companies in the healthcare and related health and wellness sectors. Revelstoke partners with entrepreneurs and management teams to execute a disciplined organic and acquisition growth strategy as it strives to build exceptional companies. Revelstoke is based in Denver, Colorado and has approximately $5.8 billion of assets under management. Since the Firm’s inception in 2013, Revelstoke has completed 184 acquisitions, which include 26 platform companies and 158 add-on acquisitions.
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