Ropes & Gray advised SkyKnight Capital L.P., a private equity firm focused on investing in market leading businesses in acyclical growth sectors, on the closing of SkyKnight Capital Fund IV, L.P. The fund closed with $1 billion in commitments from endowments, foundations, pensions, family offices, and institutional investors. The closing was announced on September 21.

Fund IV exceeded its target and was significantly oversubscribed, with strong support from a diversified base of returning and new limited partners.

The team was led by asset management partners Steve Zaorski and Sarah Davidoff.