Investment Strategy

We back world-class management teams to lead fast-growing, revenue-generating healthcare companies.

We are healthcare specialists: this dynamic, resilient and growing sector is our passion and our only business.

  • US$20 to $200M in revenues
  • EBITDA-positive or soon to be
  • Revenue growth drives returns
  • Minority or majority positions

We invest broadly across the healthcare spectrum

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Pharmaceuticals

$960 billion worldwide market driven by aging demographics, increasing insurance coverage and innovation

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Medical Devices

$350 billion worldwide market driven by focus on healthcare outcomes and costs

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Healthcare Services

Largest segment of healthcare industry evolving to deliver quality rather than quantity of care

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Healthcare IT

Fastest growing segment of healthcare sector supported by favorable regulations and need for operational efficiencies

Global macro trends support healthcare investing

Change Creates Opportunities in
Developed Markets
  • Healthcare is one of the largest segments of the economy at an average 10-18% of GDP

  • Aging population and chronic diseases are driving healthcare demand

  • Knowledge and new technology drive innovation that continues to give rise to new products and companies

  • Healthcare companies are increasingly driving revenue growth through acquisitions of smaller, faster growing companies

Growth Creates Opportunities in
Emerging Markets
  • Healthcare is growing at an average 10-18% CAGR

  • Rapidly growing middle class is driving demand for healthcare

  • Rapid transfer and adoption of western technology and healthcare products

  • Rapid revenue growth and profitability of healthcare companies are generating attractive exits