The New Jersey Division of Investment (DOI) is poised to invest up to $100 million in Altaris Health Partners V, L.P., according to a memo from DOI Director Corey Amon. This proposal is part of the state's strategy to diversify its investment portfolio, focusing on promising sectors like healthcare.
Altaris Capital Partners is notable for its experienced handling of healthcare sector investments, focusing on buyouts, corporate carve-outs, and partnerships. The Division's decision is bolstered by Altaris' successful track record in navigating complex investment environments in various healthcare subsectors.
The fund size of Altaris Health Partners V is set at $2.5 billion, with a hard cap of $3 billion. Altaris' earlier funds have shown strong performance, marked by impressive net internal rates of return (IRR) and total value to paid-in (TVPI) metrics.
Aksia is assisting with the investment.
