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, asset management associates Shudan Shen and John Wang and corporate associates Marilyn Li and April Herleikson.
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