A joint venture between Ziegler and Link-Age
Fund description/investment policy
The increasing aging population of the United States presents an attractive investment opportunity, given the size, growth and complexity of needs of this population within a continually evolving healthcare system. While the current venture capital and start-up market generally has a broad focus across the landscape of acute healthcare providers, this fund takes a concentrated approach by investing in companies that serve the Longevity Economy. The fund sponsors, Ziegler and Link-Age, leverage their domain knowledge and relationships to find attractive investment opportunities through an investment management team with relevant experience in the space.
The objective of the Fund is to achieve long-term capital appreciation by making equity and equity-like (including convertible debt) investments in early to mid-stage, emerging-growth companies that operate in or develop businesses focused on the Longevity Economy.
Key investment themes will include, but are not limited to, the following:
- Aging in place;
- Coordination of care;
- Chronic disease management;
- Reduction of hospitalizations and readmissions;
- Disease prevention and wellness strategies; and
- Government funded programs / public health related matters.
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The fund also provides a unique platform for collaboration and innovation among the limited partners, who are primarily comprised of approximately 70 not-for-profit senior living providers from across the nation and select other healthcare focused organizations, and thus have a direct interest in the companies in which the fund will invest. Not only can the investor base act as a source of information on market needs and operator preferences to the fund managers, but it also represents a potential group of customers for some portfolio companies. The vintage year of the Ziegler Link-Age Longevity Fund is 2014.
Sample Portfolio Companies
John Hopper, Chief Investment Officer
John Hopper currently serves as the Managing Director of Link•Age Ventures, a wholly owned subsidiary of Link•Age focused on making investments in companies providing products, services and technology to the aging marketplace. John was also the Founder and Partner of Silverstone Advisors – Blackbird Capital Group, LLC (“Silverstone”). Silverstone is a boutique investment banking firm providing merger and acquisition services, including valuation, due diligence, capital raising, buy side engagements and sell side engagements. Prior to the founding of Silverstone, he was the Chief Executive Officer of a regional network servicing company, and held numerous executive positions in the financial services industry with Fifth Third Bank, AmSouth Bank and Mellon Bank. John holds a J.D. degree from The Ohio State University College of Law and an M.B.A. from the University of Pittsburgh. Hopper received his B.A. from Mount Union College.
Neil Borg, Chief Strategic Officer
Neil Borg currently serves as the managing director and head of Ziegler’s Corporate Finance Healthcare efforts and is an advisor to the firm’s principal investing initiatives. Prior to joining Ziegler, Neil was in the Healthcare Services Investment Banking divisions of J.P. Morgan (previously Chase H&Q and Hambrecht & Quist) and Friedman, Billings, Ramsey. While at Hambrecht & Quist, he was associated with an affiliated venture capital fund, H&Q Serv*s Ventures, focused on early stage healthcare investments on behalf of Hambrecht & Quist and Johnson & Johnson. Over his career, Neil has advised on over 65 transactions, including strategic advisory assignments, public and private equity financings and equity investments principally for emerging growth companies in the healthcare services and healthcare information technology sectors. In addition, Neil currently sits on the Board of Directors of Auditz, and was most recently on the Board of Directors of Certify Data Systems prior to its sale to Humana in 2012.
Scott Collins, Managing Director
Scott Collins is the CEO of Link•Age and is responsible for its strategic direction and growth. Link•Age is comprised of three integrated entities: Link•Age Solutions – providing cost containment services to more than 600 senior living providers, Link•Age Ventures – investing in companies with products, services and technologies for the aging population and Link•Age Connect – delivering market research and insight for organizations seeking to better understand the older adult demographic. Prior to joining Link•Age, Scott was a vice president and senior account executive with GE Capital Commercial Asset Funding and held senior management positions in the commercial real estate as well as textile industries.
Mark Baumgartner, Chief Administrative Officer
Mark Baumgartner joined Ziegler in 1984. For the past five years he has served as a senior managing director and chief credit officer. Prior to that, he worked as an investment banker for 25 years. His investment banking activities included mergers, acquisitions and financial advisory work, as well as tax-exempt and taxable financings on a fixed, variable or blended interest rate basis. He has senior managed more than 150 public debt offerings in excess of $5 billion. Mark has also had the opportunity to work on numerous strategic advisory transactions for healthcare providers involved in merging, acquiring or partnering with other healthcare entities.