NovaQuest Capital Management LLC’s private-equity unit has spun off into a new entity called QHP Capital LP and is pitching its second fund, according to regulatory filings and people familiar with the fundraising efforts. QHP spun out of Raleigh, N.C.-based NovaQuest in 2021 and will continue to operate as a healthcare investor in lower midmarket tech-enabled pharmaceutical services companies, one regulatory filing said. NovaQuest, meanwhile, has a separate strategy focused on product financing for late-stage clinical and commercial biopharmaceutical programs, according to its website.
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Source: https://www.wsj.com/articles/novaquest-capitals-private-equity-spinoff-pitches-new-fund-11633687202