We advised Rubicon on the fundraise

Davis Polk advised Rubicon Founders, LLC (Rubicon) on its fundraise and related matters for Rubicon Fund II LP (together with its parallel funds, “Rubicon Fund II”), which recently held its final closing with approximately $1.18 billion in commitments, exceeding its target after an oversubscribed fundraise period. Rubicon Fund II is more than double the size of its predecessor fund, which closed on approximately $500 million in October 2022.

Rubicon is an investment firm established in January 2021 focused on building and growing transformational companies in the healthcare sector. Rubicon focuses on building ground-up businesses in partnership with what they view as innovative, industry-leading companies in their respective fields and share Rubicon’s vision and commitment to improving healthcare. 

The Davis Polk investment management team included partners Leor Landa and Sijia Cai and associates June Han, Alisan Oliver-Li and Jonathan P. Jackson. The tax team included partner Ethan R. Goldman and associates Yueyu Yang and Albert Park. Partner Veronica M. Wissel and counsel Charles Shi provided ERISA advice. All members of the Davis Polk team are based in the New York office.