Hot Life Science Investor Mandate 1: Family Office Able to Deploy Capital Quickly Looking for New Opportunities – April 11, 2013

8 Apr

A single-family office based in based in the Eastern US currently manages over $1 billion in total assets, and is seeking to identify 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, the firm has the ability to deploy capital as soon as an opportunity is sourced. They typically make initial investments in the $500,000 to $1 million range.

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

The firm 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. The firm 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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