Last month, Nashville-based healthcare private equity firm Council Capital announced the closing of its third fund, Council Capital III, LP (“Fund III”) totaling over $150 million, exceeding its target of $125 million and hitting its hard cap, bringing total capital under management at the firm to approximately $300 million.

“Exceeding our target, while adding a number of leading institutional and strategic healthcare investors is a testament to the strength of our team and the CEO Council business model, which we will continue to utilize to support our portfolio companies by helping drive their growth and increase their equity value,” said Grant Jackson, Council Capital’s managing partner.

In related news, the company announced the Fund III CEO Council would have 34 members, including 16 who are new to the exclusive group of industry-leading CEOs. The CEO Council is Council Capital’s distinct value proposition to portfolio companies and the key element in the operator-oriented structure of the firm. This unique model gives companies access to the networks and expertise of top-tier CEOs who have committed over $110 million to Council Capital funds and have created over $30 billion of shareholder value as president or CEO of more than 60 companies.