FFL Partners Closes $1.35 Billion Fund for Healthcare and Technology-Enabled Services

FFL Partners announced more than $1.35 billion in commitments to its sixth flagship fund.

What happened

The fund is approximately 50% larger than its predecessor, with an anticipated equity investment range of $50 million to $200 million. The strategy emphasizes healthcare and technology-enabled services, sector specialization and operating improvements.

Why it matters

This is evidence of institutional capital for established specialized services platforms, not proof of higher valuations for small RCM companies. FFL is more likely to be a future capital partner or acquirer than a direct buyer of sub-$5 million targets.