Minneapolis, MN
TT Capital Partners (“TTCP”), a private investment firm that provides growth capital to healthcare IT and tech-enabled services businesses with $1 billion of AUM, today announced the final close of TTCP Fund III, LP (“Fund III” or “Fund”). This capital raise represents TTCP’s first as a fully-independent manager following the separation from the investment bank, TripleTree, in 2021. The Fund closed at approximately $230 million in committed capital, and deployed additional investor capital in co-investments. The Fund’s investor base spans hospital systems, insurance companies, investment consultants, public pensions, sovereign wealth funds, university endowments, and family offices. Probitas Partners served as the placement agent for the fund.
“We are deeply grateful for the continued trust of our existing clients as we transitioned to serving the market as a fully-independent manager. We are also thrilled to garner the interest of new investors with this fundraise,” said Dawn Owens, CEO and Partner. “We are already hard at work in the new fund, deploying capital across five platform investments to-date in innovative companies improving the way healthcare is delivered and managed.”
Fund III is managed by the same team and in the same style as the firm’s earlier fund vintages. TTCP invests in capital-efficient businesses with $10M to $30M+ of revenue seeking a value-added capital partner.
TTCP brings a unique combination of deep healthcare operational expertise and financial services acumen to bear across its investment portfolio, driving growth and operational excellence. TTCP endeavors to align stakeholder incentives and uses its network of talented advisors that have served payers, providers, and employers to enhance business-building beyond providing capital.