| Wellspring acquires Pentec Health, Warburg invests in Bond Vet, Linden hires Structured Capital partner Happy Tuesday!
We have a few deals for you this morning ... Wellspring Capital Management acquired Pentec Health, a chronic pain management and renal nutrition platform as healthcare shifts toward in-home and outpatient settings.
And, Warburg Pincus invested $170 million into Bond Vet, which has clinics that provide vet care services ranging from wellness checkups and annual exams to urgent care like wound treatment, GI issues and mass removals.
That’s it for me! Have a great rest of your day. Hit me up with that good Drama, tips or gossip at [email protected] or find me on LinkedIn. Don’t forget to use our anonymous tip box on PE Hub or Buyouts.
Read the full wire commentary on PE Hub...
Also of note (may require subscriptions) Raising: Reverence Capital Partners, led by former Goldman Sachs and General Atlantic executives, collected an initial $650 million for its Fund V, writes Kirk Falconer on Buyouts. Fund V is targeting $1.7 billion. Read it here on Buyouts.
Guidelines: Texas Municipal Retirement System revised its investment policy to maintain its strategic allocation and risk-return profile. The PE portfolio structure will consist of 40 to 75 percent for control/buyout, 10 to 45 percent toward venture/growth/minority investments and 5 to 35 percent for special situations and opportunistic. Read more here on Buyouts.
Cheese: Mason Wells sold Whitehall Specialties, which provides plant-based and blended cheese products and cheese services for U.S. food manufacturing and food service customers. Whitehall Specialties was acquired by Ornua. Read it here.
PE Deals 
They said it “If you just look at KKR alone, we have more than 60 private equity investments, and these companies have over $200 billion of revenue. There’s 900,000 people employed in nine different countries. And we’re indirectly responsible, at the last count I made, just in the US alone, for the retirement benefits of nine million people. You can’t be of that size and substance and not pay attention to what the world’s telling you, what’s really important and what are the right things to do.” George Roberts, KKR co-founder, talks to PEI in 2011 about the firm’s ESG efforts.
Today's letter was prepared by Chris Witkowsky Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. Please visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC. 
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