SightLine Partners, a Minneapolis, MN-based manager of private equity funds for late-stage medical technology companies, closed a $107m secondary fund.
SightLine Healthcare Opportunity Fund II, L.P., which was oversubscribed, exceeding its original target of $100m, will make direct investments in medical technology companies.
Led by managing directors Scott Ward, Joe Biller, and Buzz Benson, the firm focuses on providing financial alternatives to existing investors in later stage medical device and diagnostic companies who may not have sufficient capital to support current portfolio companies and risk having their preferred ownership converted to common, or wish to achieve liquidity on certain portfolio companies, need to reduce or eliminate future funding requirements, or want to rebalance and reallocate fund reserves.
FinSMEs
09/08/2013