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July 30, 2023 | Tom Ballard

RC Capital raises its largest fund in history

The River Cities Fund VII sits at $242 million with a goal of a final close at $300 million. Its focus is on healthcare.

Cincy Inno reports that River Cities Capital Funds has already raised its largest fund to date, and it’s not finished yet.

According to the article, the firm that invests in healthcare-focused companies has completed a second closing on its River Cities Fund VII, raising $242 million, according to a Securities and Exchange Commission filing. RC Capital, as it is named, is still raising money and is targeting $300 million for its seventh fund.

The firm describes itself as a growth equity firm building high-potential healthcare companies by leveraging the unique interplay of the segments which it focuses. They are medical devices, healthcare services, and healthcare information technology. “We are dedicated to investing on the right side of healthcare, growing companies that enable clinicians to improve the delivery of care and the experiences and outcomes for the patients,” RC Capital writes on its website.

The firm has offices in Cincinnati and Raleigh, NC.

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