Oberland Capital Closes Third Healthcare Royalty and Credit Opportunities Fund at $1.2 Billion Hard Cap
NEW YORK – October 13, 2022 – Oberland Capital Management LLC (“Oberland Capital”) today announced the closing of the firm’s third Healthcare Royalty and Credit Opportunities fund, Oberland Capital Healthcare Fund III LP (including affiliated funds, “Fund III” or the “Fund”), with $1.2 billion in limited partner commitments. The Fund was significantly oversubscribed, holding a final close approximately six months after launch. Oberland Capital secured commitments from a diversified and global set of institutional investors including endowments, foundations, pension plans and sovereign wealth funds.
Oberland Capital Managing Partner, Andrew Rubinstein, commented, “We greatly appreciate the strong support from both existing and new investors and their confidence in Oberland Capital’s specialized healthcare investment strategy focused on innovative therapeutics, diagnostics and medical devices that play an important role in the treatment paradigm for serious diseases.”
“We are very humbled and also motivated by this outcome, especially in such a crowded fundraising environment,” added Jean-Pierre Naegeli, Managing Partner at Oberland Capital. “With this raise, we are well positioned to continue providing an attractive, non-dilutive source of capital to leading biotechnology and pharmaceutical companies, research institutions and inventors.”
Ropes & Gray LLP provided legal services to Oberland Capital for this fundraise.
About Oberland Capital
Oberland Capital is a private investment firm formed in 2013 with assets under management in excess of $3 billion, focused exclusively on investing in the global healthcare industry and specializing in flexible investment structures customized to meet the specific needs of its transaction partners. Oberland Capital’s broad suite of financing solutions includes monetization of royalty streams, acquisition of future product revenues, creation of project-based financing structures, and investments in traditional debt and equity. With a combination of deep industry knowledge and extensive structured finance experience, the Oberland Capital team has a history of creating value for its transaction partners.
For more information, please visit www.oberlandcapital.com.