Real estate private equity and debt fund manager Northwind has raised $342.5m (€294.2m) for its latest US healthcare debt fund, exceeding its $250m target.
The Northwind Healthcare Debt Fund II (NHDF II) provides acquisition-bridge capital to income-producing portfolios of nursing and senior living assets.
Ran Eliasaf, founder and managing partner, Northwind Group, said: ”The final close of NHDF II capital raise represents a significant milestone for our healthcare credit platform and is our largest fund to date in the strategy.
“We focus on providing acquisition-bridge capital to income-producing portfolios of skilled nursing and senior living assets in select states in US leading owner/operators who prioritise patient care, invest in their organisational culture, and implement innovative technologies to enhance clinical outcomes.”
Jonathan Slusher, partner and head of senior living and healthcare, Northwind Group, said: ”Within the US healthcare value chain, senior living residences and skilled nursing facilities serve as essential care settings, providing structured and secure environments tailored to the needs of elderly populations. Each location is a critical economic and healthcare hub for the residents, team members, and community in which it serves.
“The increasingly aging and more acute population, stability in daily operating dynamics, and the need for critical care assets to be refreshed and operated by leading, well capitalised enterprises continue to drive strong transaction activity and solid performance.”
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