Heritage Group closes $300M fund

Nashville-based Heritage Group has closed a $300 million fund that will invest in high-growth health care and technology ventures. 

This will be the private equity firm’s third fund. The first two, launched in 2011 and 2016, collectively invested $387 million in companies that solve inefficiencies in health care. Heritage Group has invested in nearly 30 companies — including Shearwater Health, MDLive and Spero Health — so far. A spokesperson for the firm declined to provide details on returns for the first two funds.