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Ropes & Gray Advises Oberland Capital on $1.05 Billion Healthcare Royalty Fundraise

Practices: Asset Management, Private Funds, Sponsor Representation, Credit Funds

Ropes & Gray acted as legal counsel to Oberland Capital Management LLC (Oberland Capital) on raising $1.05 billion of capital commitments for its latest Healthcare Royalty Fund. Oberland Capital Healthcare Solutions Fund and affiliated funds (together, the "Fund" or "Solutions Fund"), announced its closing on May 5, at the Fund's hard cap. 

Oberland Capital, a private investment firm with over $2.25 billion in capital commitments since inception, is focused exclusively on investing in the global healthcare industry. The Solutions Fund will provide capital to biopharmaceutical, diagnostic and medical device companies advancing products in late-stage clinical development or under review by regulatory authorities in exchange for royalties on the products once approved and commercialized. 

Oberland Capital secured commitments from a diversified and global set of institutional investors, including public and private pension plans, endowments and foundations, sovereign wealth funds and family offices. The Solutions Fund, which is Oberland Capital's third fund, was oversubscribed.

The Ropes & Gray team was led by asset management partner and institutional investors team co-leader Marc Biamonte and included tax partner Dan Kolb, tax counsel Seth Piken, asset management associate Kayla Duffey and, associates Aaron Lichter and Susannah Griffee.

Marc also led Ropes & Gray’s representation of Oberland Capital’s second healthcare royalty and credit opportunities fund, Oberland Capital Healthcare II LP.

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