1315 Capital, LLC, a Philadelphia, PA-based healthcare expansion and growth equity firm, closed its inaugural fund at $200m.
The fund, which was supported by a select group of investors, including endowments, foundations, state and corporate pension funds, and family offices, provides venture expansion and growth capital to commercial-stage specialty pharmaceutical, medical technology, and healthcare services companies that have the potential to generate $100m a year in revenue.
The vehicle is looking for opportunities to make $10-$20m investments in each company.
Led by seasoned healthcare investors Adele Oliva and Michael Koby, 1315 Capital offers two approaches to drive success for its portfolio companies and its investors:
– The Operating Partner model, which pairs existing portfolio company management with experienced operating teams, and
– The Tangible Engagement approach, which ensures management teams receive support they need from 1315 Capital’s networks, advisors and operating teams.