Pharos Capital Partners Fund IV-A filing eyes $250M healthcare investing
adapted by staff from PCG materials
AFFILIATES OF Pharos Capital Group of Nashville and Dallas filed this week for their planned $250MM Fund IV-A, showing nearly $106.3MM in as of Oct. 9.
Pharos III, a $545 million healthcare-focused private equity fund, and Pharos II hit at least $400MM, according to earlier media reports.
Associated with the latest filing are: Founding Partners Kneeland Youngblood and Bob Crants, and partners Joel Goldberg, Anna Kovalkova, and Jim Phillips.
Deal criteria on Pharos Capital Group's website include:
The firm's affiliates invest in Healthcare only, with interest in subgroups including:
Pharos also says, "We seek to make investments in healthcare companies that improve the patient experience of care (including quality and satisfaction), reduce the total cost of health care, and possess attractive growth prospects either internally through core revenue growth or externally through acquisitions.
"Conversely, we do not target investments in companies in the drug development, life sciences, and biotechnology sectors, due to the long development cycle necessary before they typically generate significant revenue.
"We look to back companies with professional management teams whether that be the existing team, our stable of proven Healthcare Operating Partners, or a combination of both.
"We prefer portfolio companies that offer multiple exit opportunities. These exit strategies may involve a financial buyer, an initial public offering, a recapitalization or a sale to a strategic purchaser.
"We tailor the deal structure of each investment to meet the risk and return objectives of the Partnership while striking the appropriate balance with the needs of the entrepreneur and existing shareholder.
"We target companies that have defensible market positions, sustainable competitive advantage and unique attributes to their business model". (###)
last edited Oct. 10, 2019 1642 CT