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RiverGlade closes $325M inaugural fund

RiverGlade Capital Management LLC closed its inaugural fund with $325 million of commitments.

The healthcare-focused private equity firm's RiverGlade Capital LP exceeded its $300 million target.

It will invest in multiunit care models, outsourced services, tech-enabled services and medical products. Its target investments range in size from $25 million to $150 million in enterprise value.

RiverGlade is a Chicago-based firm that partners with founders and management teams to grow companies.