Argosy Capital has formed Argosy Healthcare Partners (AHP) and has hired Paul Barrett as a managing director to lead the new investment strategy.
AHP will make majority control investments, in partnership with founders and management teams, in healthcare companies that have from $1 million to $3 million of EBITDA.
Prior to joining Argosy, from 2013 to 2020, Mr. Barrett was a managing director at New York City-based BelHealth Investment Partners. At BelHealth, Mr. Barrett led three platform companies – American Health Staffing Group, Gemini Bio and NavaDerm Partners – and he also created and led the firm’s business development program that acquired 13 platforms and completed 34 add-on acquisitions.
“I am excited to join Argosy and grateful for the opportunity to build a world-class healthcare investment platform in my hometown of Philadelphia with a great group of partners at Argosy,” said Mr. Barrett. “We are laser-focused on leading with our core values of integrity, humility, transparency, respect, and drive and, in so doing, we plan to build an investment management team that is a trusted partner to healthcare founders and their employees.”
Argosy Capital is an active investor in the lower middle market with dedicated strategies including private equity, real estate, credit, secondaries and, with the formation of AHP, healthcare. The firm has $1.5 billion of assets under management and is headquartered near Philadelphia in Wayne, Pennsylvania.
© 2021 Private Equity Professional | January 22, 2021