Grant Avenue Capital a healthcare-focused, middle-market private equity firm, has entered a strategic partnership with East Rock Capital and GCM Grosvenor.
Grant Avenue Capital is a healthcare-focused, middle-market private equity firm that invests in companies with $5 million to $25 million of EBITDA. Transaction types include control buyouts, buy-and-builds, corporate carve-outs, joint-control partnership investments and special situations.
New York City-based Grant Avenue was founded in 2019 by Buddy Gumina. Earlier in his career, Mr. Gumina founded and led the build-out of Apax Partners‘ US healthcare buyout practice over the course of 20 years and across multiple economic cycles.
“We are proud to partner with these world-class organizations that are each incredibly well-respected in the investment community and whose experience will be invaluable as we further build and expand Grant Avenue Capital,” said Mr. Gumina. “We will continue to focus on transforming middle-market healthcare companies by utilizing our deep investment experience, deploying our proven growth-strategy playbook, and engaging our highly talented advisory board of successful industry executives.”
East Rock Capital is a multi-unit family office that manages approximately $2 billion of capital on behalf of five families. The New York City-based firm was co-founded in 2005 by Graham Duncan and Adam Shapiro.
GCM Grosvenor, a portfolio company of Hellman & Friedman since 2007, is a Chicago-headquartered alternative asset management firm that is active with hedge funds, private equity, and credit and specialty strategies. The firm has more than $55 billion of assets under management.
© 2020 Private Equity Professional | January 14, 2020