Healthcare-focused private equity firm Great Point Partners LLC raised $306 million for its third buyout fund.
The Great Point Partners III LP fund has already invested about 30% of its capital in three pharmaceutical services companies.
Fund III, which has surpassed its $250 million target, secured commitments from endowments, foundations, family offices, banks and pension funds. The firm's investment professionals and its CEO advisory board made a significant commitment to the fund, representing about 8% of its capital.
Morrison Cohen LLP was legal adviser for the fund.
