Hughes & Company Announces Successful Close of Second Private Equity Fund
Wednesday, October 8, 2025
Hughes Growth Equity Fund II, L.P. closes at $260 million - exceeding original target
CHICAGO, Sept. 30, 2025 /PRNewswire/ -- Hughes & Company, a private equity firm focused on healthcare software and technology-enabled services companies, announced the closing of its second private equity fund, Hughes Growth Equity Fund II, L.P. (the "Fund" or "Fund II"), at its hard cap of $260 million, exceeding its original target of $200 million.
"We are deeply grateful for the confidence shown by our existing investors and our new partners who joined Fund II," said Travis Hughes, Managing Partner and Founder. "With their commitment comes a great responsibility to be thoughtful stewards of capital. For the last 15 years, we've been singularly focused on helping grow companies that improve our healthcare system. We are only scratching the surface with respect to the need and opportunity, and we are committed to our investors and portfolio leadership teams to continue building valuable companies that lower cost and improve efficiency within healthcare."
The Hughes & Company investment team is comprised of healthcare industry experts, operators, and thought leaders, who have demonstrated an ability to create substantial value.
"To keep delivering strong results, we need to invest in more than just companies; we need to invest in our team and culture," said Naile Kovuk, Managing Partner. "We've expanded our capabilities and will continue to deepen our bench so we can partner even more effectively with management teams as we aim to create lasting value."
Founded in 2010, Hughes & Company has built a successful track record investing in healthcare software and technology-enabled services companies. The firm's first fund, Hughes Growth Equity Fund I, L.P. closed in 2021 at $116 million and backed multiple growth-stage companies, including its most recent exit, Azara Healthcare, a population health management software provider, which was sold to Insight Partners in late 2024.
Hughes & Company recently made its first investment from Fund II in a merger of Curvo and BroadJump, which together offer a unified spend management and analytics platform for hospitals and health systems. The newly combined organization delivers a powerful suite of tools designed to reduce costs, increase sourcing efficiency, and improve outcomes.
About Hughes & Company. Hughes & Company is a private equity firm focused exclusively on investments in software and technology-enabled services within the healthcare sector. The firm aims to partner with companies to drive growth and innovation, pairing strategic guidance and capital to scale solutions that improve patient outcomes and operational efficiency.
For More Information:
John Gonda
616-309-4888
jgonda@sage-growth.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/hughes--company-announces-successful-close-of-second-private-equity-fund-302570289.html
SOURCE Hughes & Company
|
|
|
|
|
 |
Energy Toolbase Launches Energy Storage Partnership with Sungrow to Support PowerStack 255CS and PowerTitan 2.0 | Jan 22, 2026
|
|
No Assembly Required: Barrett Distribution Centers Powers Maxwood Furniture's West Coast DTC Expansion | Jan 22, 2026
|
|
Hesai Recognized as the Only Lidar Company on Morgan Stanley's "Humanoid Tech 25" of Global Robotics Leaders | Jan 22, 2026
|
|
MetaOptics to Showcase Five Breakthrough Metalens-Powered Products at CES 2026 | Jan 22, 2026
|
|
Lumana Surpasses 50,000 Cameras, Cementing Its Leadership in AI Video Surveillance | Jan 22, 2026
|
|
SCAILIUM Debuts "AI Production Layer" to Overcome GPU Starvation and Slash AI Energy Waste | Jan 22, 2026
|
|
Daikin Applied Invests $163M in Advanced R&D Test Lab to Bolster HVAC Innovation for Data Centers and Beyond | Jan 22, 2026
|
|
RS now offers Phoenix Contact's pioneering new NearFi technology | Jan 22, 2026
|
|
Secure the Limited Time Offered 2025-2026 ezPaycheck Bundle! | Jan 22, 2026
|
|
VQ Capital Launches an AI-Driven Platform Engineered for the Next Generation of Investments | Jan 22, 2026
|
|
|
