LSP’s big cost-saving fund

Strong early returns from LSP’s first fund explicitly targeting companies that generate savings for healthcare systems had LPs clamoring to get into a second fund that will follow the same strategy.

On Dec. 11, LSP announced the first and final close of LSP Health Economics Fund 2 (LSP HEF 2) at €280 million ($330.2 million), the largest private equity fund the firm has raised to date. LSP’s Rudy Dekeyser told BioCentury the high end of the target range was €150 million ($176.9 million), and the original hard cap was €250 million ($294.8 million). He said LPs offered to invest €330 million ($389.2 million)...