Ascend Capital Partners announced the closing of its second fund.
The fund, Ascend Capital Partners Fund II, closed with $791 million in total commitments, exceeding its initial $700 million target.
Ascend Fund II will invest across physician and provider services, value-based care enablement companies and healthcare IT.
Ascend, founded in 2019 and based in New York, is a growth-oriented, healthcare-focused private equity firm.