Apposite heads for autumn final close for third fund

The fund was registered in December 2020, according to an SEC filing.

The fund has already made its first deal: the GP announced the acquisition of Switzerland-based contract research organisation 1Med in May 2021, as reported.

Apposite Capital held a final close for its predecessor vehicle, Apposite Healthcare Fund II, in June 2018 on £144.5m. The fund makes growth capital and buyout deals in the healthcare sector, deploying £10-20m per deal.

The LP base of Fund II comprises institutional investors from Europe, the UK, the US and Asia, including healthcare and education foundations and endowments, as well as GPs such as Nord KB and MUH Private Equity.

According to its website, the GP focuses on commercial-stage businesses based in the UK and Europe, and can invest up to £30m per deal, with the option to provide larger tickets with support from its investors.

The GP previously raised $200m for its debut fund, which held a final close in 2006.

Apposite declined to comment.

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