Mansa Capital Management has raised an additional USD15m for what will be its debut healthcare private equity fund, bringing total commitments to roughly USD50m.
With strong relationships in healthcare, private equity and banking, the firm is investing in healthcare information technology (HCIT) and services companies that help to contain healthcare costs and improve clinical outcomes.
Mansa is particularly interested in companies that can meet the increased demand from Hispanic and urban populations in the post-reform landscape.
“Raised from state pensions through emerging manager initiatives as well as high net worth individuals and family offices, participants in this latest round represent a broad and strong interest in the US healthcare market among domestic, Caribbean and Latin American investors,” says managing partner and chief investment officer Ruben J. King-Shaw Jr.
Mansa Capital’s investments range from USD5m to USD10m. Its principals are looking at companies with up to USD150m in enterprise value. The fund’s current portfolio includes Independent Living Systems, a long term care management company based in Miami, Florida; and E4 Health, a wellness company based in Dallas, Texas.
