Northwind Group Raises $343M From Healthcare Debt Fund
Northwind Group has raised $342.5 million from the final close of its credit fund for assets in the healthcare sector. The amount exceeded the $250 million that the private equity firm initially eyed.
Northwind Healthcare Debt Fund II represents the company's largest one so far in the strategy, which focuses on providing bridge capital for senior living and skilled nursing portfolios. Some other financing solutions that Northwind provides are HUD loans.
The New York-based firm will look to leverage its experience, which dates back to 2016 when its healthcare platform launched. Since then, the asset manager has handled $4.6 billion of healthcare property transactions. This involves 423 skilled nursing and senior living sites, with more than 48,000 beds across 26 states.
It's unclear if Northwind will target any specific states or regions in Debt Fund II — but Founder and Managing Partner Ran Eliasaf said it focuses on providing solutions in "select states in U.S."
"Within the U.S. healthcare value chain, senior living residences and skilled nursing facilities serve as essential care settings, providing structured and secure environments tailored to the needs of elderly populations," Jonathan Slusher, partner and head of senior living & healthcare at Northwind, followed up with remarks in a statement.
"Each location is a critical economic and healthcare hub for the residents, team members, and community in which it serves. The increasingly aging and more acute population, stability in daily operating dynamics, and the need for critical care assets to be refreshed and operated by leading, well capitalized enterprises continue to drive strong transaction activity and solid performance."
The fundraising comes at a time when the healthcare sector is seeing muted activity. Recent data from Revista revealed that in the past 12 months ending September 2025, just over 1,000 properties traded at values above $2.5 million, which is lower than the historical averages normally posted during that period. However, activity is likely to increase in the coming months as the Federal Reserve has been cutting interest rates.
Source: GlobeSt/ALM