Ropes & Gray Advises Welsh, Carson, Anderson & Stowe on $4.3 Billion Fundraise
Welsh, Carson, Anderson & Stowe (WCAS), a leading private equity firm focused exclusively on the healthcare and technology industries, announced on July 30 that it has completed fundraising for WCAS XIII, L.P. ("WCAS XIII" or the "Fund"). Ropes & Gray advised Welsh, Carson, Anderson & Stowe.
The Fund, which was oversubscribed, closed at its hard cap of $4.3 billion, exceeding its $3.5 billion target. Limited Partners' capital totaled $4.0 billion and the WCAS General Partners and affiliated entities committed approximately $300 million.
The Ropes & Gray team was led by asset management partner Morri Weinberg and included tax partner Jay Milkes, asset management counsel Lindsey Goldstein and Michael Jurasic, ERISA counsel Sabrina Glaser, asset management associates Shudan Shen, Carlos Hanco Jr. and John Wang, tax associate Connor Kortje, and corporate associates Marilyn Li, Gala Ades-Laurent and April Herleikson.