Ropes & Gray advised Oberland Capital Management LLC on the closing of Oberland Capital Healthcare Fund III LP, a Healthcare Royalty and Credit Opportunities fund. The fund was significantly over-subscribed and held its final closing approximately six months after launch with $1.2 billion in limited partner commitments. Oberland Capital Management LLC is a private investment firm with assets under management in excess of $3 billion. The transaction was announced October 13 in a press release.
The Ropes & Gray team that represented Oberland Capital Management LLC was led by asset management partner Marc Biamonte. The team also included tax counsel Seth Piken, asset management associates Kayla Duffey, Stanford Law, Danny Koningisor and Abigail Cunningham, tax associates Eunice Um, Chris Shim, Jordan Goldstein and Joon Hah, benefits associate Alexa Voskerichian, and corporate paralegals Max Geckler, Emily Eagleton and Samad Khan.