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Seattle-based Frazier Healthcare Partners raised $2.3 billion for its 11th Healthcare Growth Buyout Fund.
Frazier will use the new fund to acquire controlling interests in around 10 middle-market healthcare companies across sectors including pharmaceutical services, hospital outsourcing, and data analytics/AI.
It’s a considerable jump from firm’s most recent $1.4 billion fund and is one of the largest institutional funds raised in Washington state.
The 33-year-old firm, which also runs a separate Life Sciences fund, has raised more than $9 billion over the past three decades and invested in more than 200 companies.
