Hammes holds $430m final close for healthcare fund

Hammes Partners has announced the final closing of Hammes Partners II, a U.S. healthcare real estate private equity fund, which raised $430 million of capital commitments from institutional investors, significantly more than its original fundraising target of $300 million.

The Hammes platform is focused exclusively on the U.S. outpatient healthcare real estate market, including investments in existing assets, entitled development projects and adaptive reuse opportunities.

“Healthcare real estate has performed consistently throughout economic cycles, and we believe the macro healthcare industry trends present a compelling investment opportunity for institutional investors. We are excited about our significant pipeline of attractive opportunities,” said Todd Kibler, principal of Hammes Partners, in statement.

Institutional investors in the fund include endowments, foundations, pension funds, insurance companies, funds of funds and family off