Hot Life Science Investor Mandate 1: Family Office with Ability to Quickly Deploy Capital Seeks Medical Device Opportunities – March 14, 2013

12 Mar

A single-family office based in the Eastern US that was established in order to identify investment opportunities on behalf of its founding family is currently managing over $1 billion in total assets, and is looking for new investment opportunities in the life science space. The firm has no set time frame to make an allocation, but would invest in a firm within the next 3-6 months if a compelling opportunity were identified. Because the firm is backed by the founding family and is not a typical fund that must go through the fundraising cycle, they have the ability to deploy capital as soon as an opportunity is sourced. The firm typically makes initial investments in the $500,000 to $1 million range.

The firm is currently most interested in companies in the medical technology space, but has no specific area of interest within it, and thus would be open to considering any kind of medical device.

The family office typically provides growth equity to firms right after they have received their Series A round. They prefer firms that have a pre-money valuation ranging from $3-5 million, and that the firm has a prototype of the device. The family office has a long-term investment horizon, and likes to hold companies in their portfolio for much longer than a typical private equity firm.

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