Hammes Partners holds final close on $430 million healthcare real estate fund
Hammes Partners has announced the final closing of Hammes Partners II LP, a U.S. healthcare real estate private equity fund. Hammes Partners is pleased to have $430 million of capital commitments from institutional investors, significantly over its original target of $300 million.
Milwaukee, WI, July 17, 2015 – Hammes Partners has announced the final closing of Hammes Partners II LP, a U.S. healthcare real estate private equity fund. Hammes Partners is pleased to have $430 million of capital commitments from institutional investors, significantly over its original target of $300 million. Hammes Partners and its affiliates have been investing in healthcare real estate since 2001, leveraging deep industry expertise and relationships that have been built over 20 years in the healthcare industry.
“We believe healthcare real estate presents a very compelling market opportunity,” says Jon Hammes, founder and CEO of Hammes. “We look forward to continuing to draw on our experience in the healthcare industry as an operator, developer and strategic advisor to capitalize on this opportunity for our investors. This is a strategy we’ve been successfully executing for 15 years, and we believe we have built a strong platform for the future.”
Hammes began investing as a result of the healthcare provider relationships developed and capital needs identified through affiliate Hammes Company Healthcare (www.hammesco.com), a nationally recognized leader in the healthcare real estate services and advisory industry for over two decades. The Hammes platform is focused exclusively on the U.S. outpatient healthcare real estate market, including investments in existing assets, entitled development projects and adaptive reuse opportunities.
“Healthcare real estate has performed consistently throughout economic cycles and we believe the macro healthcare industry trends present a compelling investment opportunity for institutional investors. We are excited about our significant pipeline of attractive opportunities,” says Todd Kibler, Principal of Hammes Partners.
Institutional investors that committed capital to the fund include endowments, foundations, pension funds, insurance companies, fund of funds and family offices.
“We’re grateful to the quality group of limited partners who have placed their support with us during this important evolution of Hammes Partners and we are highly committed to the success of our partnership,” says Patrick Hammes, Principal of Hammes Partners.