Ascend closes second healthcare fund at $791m

Healthcare-focused private equity firm Ascend Capital Partners has closed its second fund at $791 million in total commitments, surpassing the vehicle's $700 million target.

Ascend Fund II drew commitments from public and private pension funds, foundations, endowments, consultants, family offices, and funds of funds. The firm's inaugural fund closed at its $570 million hard cap in December 2021 and has been fully deployed across eight investments.