Allocation Information
A multi-family office based in the Western US is an active investor in the medical device sector, and is interested in opportunities worldwide. Initial investments are typically about $50,000 with the potential for follow-on investments totaling $500,000, and may be structured as equity or as debt. The office does not invest in seed rounds. In the recent past the office has allocated new investments at a rate of approximately one per month. The firm offers support and expertise to portfolio companies but does not seek a board seat.
Sectors & Subsectors of Interest
Within the medical device sector, only devices with a basis in mechanical engineering, such as electro-mechanical medical devices, active implantable devices such as pacemaker technologies, and surgical instruments are of interest. The family office invests only in companies that have already developed a prototype of their product and filed a patent application; the firm prefers that companies that seek an allocation have in-human data but does not require this.
Company & Management Team Requirements
The family office seeks to invest in strong management teams with prior experience in the medical device industry, preferably with previous successful exits and with a strong reputation in their niche. The firm invests only in privately-held companies and prefers to make investments with the potential to exit within 3-4 years.
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