According to a press release (read here), healthcare investment bank Ziegler and Link•Age Ventures, Inc., closed a $26.6m fund.
The Ziegler Link•Age Longevity Fund, L.P. has been backed by about 70 non-for-profit senior living providers and other healthcare-focused organizations and will focus on the aging market and companies that provide products, services and technologies to meet the needs of seniors and senior living providers.
It will make equity and equity-like investments in healthcare services, healthcare technology and other related products.
The General Partner of the new vehicle is Ziegler Link•Age Management, LLC, a Delaware limited liability company, which is a 50/50 joint venture between Ziegler Longevity, LLC, an affiliate of The Ziegler Companies, Inc. and Link•Age.
It will be led by John Hopper, Chief Investment Officer, and Neil Borg, Chief Strategy Officer.