Northlane Capital Partners Announces Final Close of Oversubscribed Fund III at $750 Million

BETHESDA, Md.--(BUSINESS WIRE)--Northlane Capital Partners (“Northlane” or “NCP”) announced today the final closing of its oversubscribed third private equity fund, Northlane Capital Partners III LP (“NCP III” or “Fund III”), at its hard cap of $750 million. The total raised substantially surpassed Fund III’s $550 million target and reflects notable growth from its $408 million predecessor. Global investors include pension funds, insurance companies, endowments and foundations, asset managers, healthcare institutions, funds of funds, and family offices.

Northlane is a middle market private equity firm that invests in niche subsectors within healthcare and business services. Led by its Founding Partners, Justin DuFour, Sean Eagle, and Eugene Krichevsky, the firm’s core team has been executing a consistent strategy for more than 20 years, having deployed $1.8 billion of equity capital across 32 platforms, 23 of which have been exited through a variety of economic cycles.

Northlane focuses on acquiring niche market leaders – often founder-owned – that it believes will benefit from enduring secular tailwinds such as rising healthcare utilization driven by an aging population, increasing demand for cost-effective outsourced services, and the growing adoption of technology-enabled solutions.

Eugene Krichevsky, Sean Eagle, and Justin DuFour issued the following statement on behalf of Northlane:

“We are extremely grateful for the strong support from both existing and new limited partners. The successful fundraise reflects confidence in our growing team, our investment philosophy, and our ability to identify and grow exceptional businesses in our target verticals. Throughout the fundraising process, it became increasingly clear that investors are prioritizing private equity firms with a proven ability to drive post-close value creation in any economic environment – whether through M&A, operational enhancements, geographic and service line expansion, or leadership upgrades. At Northlane, we’ve consistently invested in our team and built a robust network that enables us to execute these initiatives with precision and speed.”

Capstone Partners, a Mizuho Company, served as placement agent and Kirkland & Ellis LLP acted as fund counsel for NCP III.

ABOUT NORTHLANE CAPITAL PARTNERS

Based in Bethesda, MD, NCP is a middle market private equity firm focused on key segments within the healthcare and business services sectors, where its principals have invested $1.8 billion of equity capital. NCP’s strategy is to partner with industry leading companies and great management teams, aligning incentives to accelerate growth and build value. For more information, please visit www.northlanecapital.com.