BPOC has announced it has established a new continuation fund with $425 million.

The continuation fund consists of healthcare services companies previously held by BPOC Fund IV. The transaction was co-led by investment funds affiliated with Apollo S3, Blackstone Strategic Partners and Five Arrows. 

BPOC, based in Chicago, seeks control and minority equity investments in middle market companies exclusively within the healthcare industry. Founded in 1996, the firm pursues companies generating at least $10 million in revenue through a wide range of investments. Within healthcare, the firm targets companies in the provider services, life sciences/pharmaceutical and non-reimbursement industries.