Water Street Healthcare Partners
Private equityChicago · Growth
Investment thesis
Water Street invests exclusively in the healthcare industry, supporting accelerated growth and impact across three critical sectors: healthcare services that help customers navigate an increasingly complex landscape, medical products focused on product innovation and value-added services to improve care delivery and outcomes, and pharmaceutical/life-science services accelerating drug and device development from discovery through commercialization.
Source: firm website, verified Aug 6, 2026.
Investments · 1 tracked
founders shown can be your intro pathFund performance · per public LP disclosures · 11
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Water Street Healthcare Partners VLPs: Maine Public Employees Retirement System | 2022 | — | — | 0.86x | — |
| Water Street VLPs: Teachers' Retirement System of Oklahoma | 2022 | — | -8.4% | 0.86x | 0.00x |
| Water Street IVLPs: Teachers' Retirement System of Oklahoma | 2018 | — | 16.1% | 1.84x | 0.62x |
| Water Street Healthcare Partners IVLPs: Maine Public Employees Retirement System | 2017 | — | 16.1% | 1.84x | 0.62x |
| Water Street Healthcare Partners IV PELPs: Maine Public Employees Retirement System | 2017 | — | 11.6% | 1.23x | — |
| Water Street Healthcare Partners IIILPs: The Regents of the University of California, Maine Public Employees Retirement System | 2013 | — | 34.7% | 2.84x | 2.55x |
| Water Street IIILPs: Teachers' Retirement System of Oklahoma | 2013 | — | 34.7% | 2.85x | 2.56x |
| Water Street Healthcare Partners III PELPs: Maine Public Employees Retirement System | 2012 | — | 35.0% | 2.68x | 1.50x |
| Water Strc't. Healthcare Partners II, L.P.LPs: The Regents of the University of California | 2008 | — | 2.6% | — | 1.13x |
| Water Street Healthcare Partners II, L.P.LPs: The Regents of the University of California | 2008 | — | 28.3% | 2.29x | 1.88x |
| Water Street Healthcare Partners, L.P.LPs: The Regents of the University of California | 2005 | — | 9.4% | 1.44x | 1.44x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Water Street Healthcare Partners invest at?
- Water Street Healthcare Partners invests at the Growth stage.
- What sectors does Water Street Healthcare Partners focus on?
- Water Street Healthcare Partners focuses on Biotech, Digital Health, Healthtech, Medical Devices.
- Where is Water Street Healthcare Partners located?
- Water Street Healthcare Partners is headquartered in Chicago, US.
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