NASHVILLE, Tenn. (May 15, 2018) – FCA Venture Partners (“FCA”) announced the completion of fundraising for its sixth fund, FCA Venture Partners VI (“FCA VI” or the “Fund”), on April 27th. The Fund closed with $55M of committed capital and has already made investments in five portfolio companies.
FCA VI is led by managing partners Matthew King and John Burch, along with CFO and partner Nancy Allen and Principal, Andrew Bouldin. Together, they have more than 80 years combined operational and investment experience.
“We continue to be pleased with the ongoing support of our existing investor base following a significant expansion of that base in the previous fund, FCA V", said John Burch. "In the current financial environment, our investment vehicle is an attractive alternative for investors." FCA's primary investor base includes high net worth individuals and families, along with family offices, regional banks and leading wealth management firms.
Consistent with its predecessor fund, FCA VI is focused on early to growth stage companies in the healthcare IT and technology sectors with disruptive, scalable business models. FCA continues to believe opportunity remains in the healthcare industry as providers are forced to operate in an environment where they face pressure to be faster, better and more cost effective, all while providing higher quality care.
FCA VI will make 10-14 investments ranging from $3 to $6 million in companies with proven technology platforms, multiple customers and revenues of $500,000 to $2 million. FCA adds value to its portfolio companies through its primary focus on the healthcare IT industry and fostering collaboration between portfolio companies. FCA engages its network of special operating partners who can make introductions and offer strategic guidance based on their careers in the healthcare industry." The healthcare IT sector continues to grow at three times the rate of the overall economy. When combined with the fund’s investment thesis, this provides the opportunity for above market returns with an acceptable risk profile," said Matthew King.
FCA is also pleased to announce the addition of George Curran as an Associate at FCA Venture Partners. George joins FCA from Launch Tennessee, where he worked as the Capital Formation Research Analyst. Previously, he gained operating experience at Yext, a New York-based online brand management technology company. George graduated from Vanderbilt University in 2014 with a degree in Medicine, Health & Society.
About FCA Venture Partners
Founded in 1996, FCA Venture Partners has a long history of investing in successful healthcare entrepreneurs. The firm is passionate about building sustainable businesses and providing strategic value to their portfolio companies. FCA invests $3-6M in fast growing healthcare companies making processes in the industry faster, better, and cheaper while improving the quality of care and the patient experience. With its location in Nashville, roots with Clayton Associates and the McWhorter Family, and deep involvement in the growth of the U.S. healthcare community, FCA Venture Partners is poised to take advantage of disruptive opportunities that help move healthcare forward.