BlueMountain Capital Management (BlueMountain), a private diversified alternative asset management firm, has appointed Ameya Agge and Matt Jameson as senior investing professionals to source, evaluate, and execute healthcare-related private investments.
Both are newly-created positions reporting to Jim Pieri, Head of Private Healthcare.
“Just as the financial services industry went through a major transition in recent years, many healthcare sectors are beginning to go through substantial transformation that will dynamically evolve over the next decade, thus increasing the need for non-traditional capital providers,” says Andrew Feldstein, Co-Founder and Chief Investment Officer of BlueMountain. “Private investments in healthcare continue to complement our private investment strategies in specialty finance and various special situations.”
“End market demand for healthcare services continues to exhibit predictably strong growth rates. However, a combination of rising costs, ineffective delivery and misaligned incentives are accelerating necessary market structure reform and business model change,” says Pieri. “These factors impact market participants unequally and create attractive investment opportunities,” he explained. “As a result, the need for flexible capital solutions has increased substantially, creating a unique, persistent and high barrier-to-access opportunity for our investors.”
Pieri’s team has made more than USD500 million in privately negotiated and structured investments across the capital structure in healthcare in recent years, including investments in post-acute & long-term care, behavioural health, acute care and physician practice management companies, complementing BlueMountain’s expansive presence in more liquid debt and equity markets.
Agge joins from Apax Partners, where he specialised in private healthcare investments in the US and Europe. Over the last five years at Apax, Agge deployed over USD1.5 billion in a range of healthcare investments. In addition, he served on the boards of several healthcare platform companies. Prior to joining Apax, Agge worked for Reddy’s Laboratories and with McKinsey & Company. He received an MBA with Honours from the Wharton School at the University of Pennsylvania. Agge also received Master’s and Bachelor’s degrees in Chemical Engineering from the Massachusetts Institute of Technology and the Indian Institute of Technology, Mumbai, respectively.
Jameson joins from Highland Capital Management, where he was a Managing Director and Co-Head of Private Equity. He also served on the investment committee of the healthcare-focused Stonebridge-Highland Private Equity Fund. While at Highland, Jameson originated and managed over USD600 million of healthcare related investments. Jameson has served on the boards of Cornerstone Healthcare Group, Tandem Hospital Partners and American HomePatient, where he was the Chairman. Prior to joining Highland, Jameson spent more than a decade working in the private equity and strategy consulting industries in North America, Europe and Africa. He received a BS in Accounting from Case Western Reserve University and has earned the CFA designation.
The hiring of Messrs. Agge and Jameson come as BlueMountain has built out its Portfolio Company Management team, which supports the firm’s investments in healthcare, specialty finance and special situations. New additions earlier this year to that team, led by Jon Weber, include Murtaza Ali, Jigar Shah, and Suraj Ramdas.