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Mansa Capital raises USD30m anchor funding for debut healthcare PE fund

Boston-based private equity firm Mansa Capital Management’s debut healthcare growth fund has invested USD7m into Independent Living Systems as the fund’s flagship investment.

“Mansa Capital is focused on the intersection of healthcare policy, clinical research, technology development and demographic trends,” says Ruben J. King-Shaw Jr, managing partner and chief investment officer. “With extensive relationships in healthcare, PE and banking, we have the ability to add significant value to our portfolio companies to keep them ahead of the market.”

Mansa seeks out high-growth investment opportunities in healthcare services and technology as well as companies with innovative approaches to contain costs while improving clinical outcomes. Generally, Mansa looks for companies with up to USD150m in enterprise value, and seeks to make investments between USD5m and USD10m.

Mansa’s investment of USD7m in Independent Living Systems is the first by the firm’s new healthcare fund. The company is focused on healthcare management services and partners with providers, payers and public sector entities to administer services to elderly populations and individuals with chronic illnesses or other special needs.

“We selected Independent Living Systems as the fund’s flagship investment because it fits squarely with our strategy and exemplifies the types of healthcare companies in which we seek to invest. We’re particularly interested in companies with capabilities to serve the healthcare needs of Urban and Hispanic populations,” says King-Shaw.

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