Business
AVISTA HEALTHCARE PARTNERS CLOSES CONTINUATION FUND FOR GCM
Avista Healthcare Partners ("Avista"), a leading private equity firm focused exclusively on healthcare, today announced the successful close of Avista Healthcare Partners CV II, L.P., a single-asset continuation fund for GCM, a leading outsourced manufacturer of complex precision components for high-growth medical technology end markets. The continuation fund, managed by Avista, is anchored by commitments from funds managed by Secondaries at Goldman Sachs Alternatives, with additional investment
About this update from Goldman Sachs Group, Inc. (the)
[{"type":"text","content":"Goldman Sachs Alternatives served as lead investor; additional investments from BlackRock Secondaries & Liquidity Solutions","length":127,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, June 24, 2025 /PRNewswire/ -- Avista Healthcare Partners ("Avista"), a leading private equity firm focused exclusively on healthcare, today announced the successful close of Avista Healthcare Partners CV II, L.P., a single-asset continuation fund for GCM, a leading outsourced manufacturer of complex precision components for high-growth medical technology end markets. The continuation fund, managed by Avista, is anchored by commitments from funds managed by Secondaries at Goldman Sachs Alternatives, with additional investments from funds managed by BlackRock Secondaries & Liquidity Solutions. The continuation fund includes substantial unfunded capital commitments to support acquisition opportunities and strategic investments for GCM.","length":766,"tagName":"p"},{"type":"text","content":"Since acquiring GCM in 2019, Avista has partnered with management to expand the company's manufacturing and commercial capabilities through critical investments in technology, facilities and human capital while also growing the company's customer base across attractive medical technology end markets. Since Avista's acquisition, GCM has more than doubled its revenue.","length":380,"tagName":"p"},{"type":"text","content":""We are pleased to provide our existing investors with the option for liquidity or continuing to participate in the value creation strategy we are successfully executing at GCM," said Rob Girardi, Partner at Avista Healthcare Partners. "We look forward to supporting GCM's next phase of growth and expanding the company's leading market position for the benefit of customers and all stakeholders."","length":425,"tagName":"p"},{"type":"text","content":""We are thrilled to continue our partnership with Avista," said Seamus Meagher, CEO of GCM. "The new capital and continued expertise of the Avista team will help us more quickly enhance our product offerings, expand our manufacturing capabilities, and achieve our next stage of growth."","length":306,"tagName":"p"},{"type":"text","content":""We are excited about the future prospects of GCM and the opportunit...