Seven Hills Capital Announces Close of Sophomore Fund at $235 Million Hard Cap

NASHVILLE, Tenn.--(BUSINESS WIRE)--Seven Hills Capital (“SHC” or “Seven Hills”) is proud to announce the first-and-final closing of its oversubscribed sophomore fund, Seven Hills Capital Fund II, L.P., quietly reaching its $235 million hard cap in less than three months. The closing comes just two years after the successful $125 million fundraising of Seven Hills Capital Fund I.

Founded in 2016, Seven Hills is an operator-centric lower middle market private equity firm focused on thematic niches within healthcare services. Drawing on experience as both operators and investors, the team works alongside its Partner Companies and CEOs, taking a hands-on approach to building durable businesses that improve outcomes for patients, payors, and providers.

A defining element of SHC’s model is its Strategic Performance Group (“SPG”) -- an internal operating team built to accelerate Partner Company development by enhancing operational systems and growth levers. The SPG team supports revenue cycle management, financial reporting, system conversions, acquisition integration, strategic planning, and de novo growth. “We built SPG to bring institutional-level resources to entrepreneurial businesses -- without losing the culture that made them successful. Nashville’s vibrant healthcare and entrepreneurial ecosystem has allowed SPG to be built with local subject matter experts working alongside SHC’s investment team and Partner Companies,” said Matthew Pettit, Seven Hills’ Founder.

Fund II attracted capital from a diverse group of highly respected institutional limited partners, including prestigious college and university endowments, mission driven foundations, single and multi-family offices, and outsourced CIOs. “We are humbled to have received such strong support from new and existing investors who share our enthusiasm for building best-in-class healthcare businesses,” said Pettit.

Pacenote Capital LLC served as Seven Hills’ exclusive placement agent for both Fund I and II. Pettit continued, “We are grateful for the outstanding work by Pacenote, both in identifying exceptional long-term investors to support our mission and for their conviction in us as investors.”  

McGuireWoods LLP provided legal counsel in connection with the fundraising.