Monument Group Advises Consonance Capital on Successful PE Healthcare Fundraise
BOSTON, 22 JULY 2014 – Monument Group, a leading independent alternative investment fund placement agent, has advised Consonance Capital Partners in raising $500 million for its first healthcare private equity fund. The fund, which had its final closing on July 16, was oversubscribed, surpassing its $350 million target to reach its fundraising hard cap.
Consonance Capital Partners focuses its investment strategy on growing, lower middle market U.S. healthcare companies with an emphasis on businesses driving efficiency, cost containment and high quality clinical care to patients.
“Monument Group was privileged to work on this fundraise with Consonance, whose differentiated strategy and distinctive network are invaluable within the complex and regulated U.S. healthcare sector,” said Alicia Cooney, Managing Director at Monument Group. “This successful fundraise is a testament to the Consonance management team, whose depth and breadth of experience have led to a distinguished track record in the healthcare sector for more than two decades.”
The fund’s investor base consists of a diversified group of pension funds, endowments, insurance companies, family offices and other high net worth platforms and individuals principally from the United States and Europe.
“As the healthcare industry undergoes great change, Monument Group applauds Consonance’s strategy to source partnerships and investments with companies that are improving the quality of service, transforming the care experience and capitalizing on new healthcare niches,” said Ms. Cooney.
The private equity fund is associated with Consonance Capital Management, a healthcare‐focused public equity manager with approximately $600 million of assets under management.
About Consonance Capital
Consonance Capital is a healthcare investment firm that invests broadly across the healthcare landscape. Private investments, which include growth equity, leveraged buyouts, and recapitalizations, are made under the direction of Consonance Capital Partners, a private equity manager. Public investments are made under the direction of Consonance Capital Management, a long/short public equity manager. Consonance Capital was established in 2005 and is located in New York City.
About Monument Group
Monument Group is a leading, independent private fund placement agent managed by a senior team with significant buy‐side investment heritage. Since its inception in 1994, Monument Group has assisted a range of general partners around the world to raise 68 funds, of which 38 are with repeat clients, totaling $79 billion of equity against an aggregate target of $75 billion. These clients represent a broad range of investment strategies including buyouts, debt, distressed, energy and natural resources, growth, infrastructure and real estate. Monument Group has offices in Boston, London, Tokyo and Hong Kong. Monument Group, Inc., is a member of the Financial Industry Regulatory Authority (FINRA); Monument Group Europe LLP is authorised and regulated by the Financial Conduct Authority; Monument Group, L.P. is licensed as a Type II Financial Instruments Dealer in Japan; Monument Group (HK) Limited is licensed to conduct Type 1 regulated activities in Hong Kong.
