DW Healthcare Partners (DWHP) has announced the closing of DW Healthcare Partners Small Cap (“Founders Fund”).

The fund raised $210 million in total capital commitments and will be focused on lower middle market healthcare investments. 

DWHP will invest from the new fund in companies with $3 million to $6 million in EBITDA. The fund currently has two investments: TubeWriter and DermLite.

DWHP, with its U.S. office in Park City, Utah, is a healthcare-focused private equity firm. Founded in 2002, the firm prefers to make shareholder liquidity, management buyout and growth capital investments in mid-to-late-stage companies.