PIPER HEARTLAND HEALTHCARE CAPITAL, LLC
PIPER HEARTLAND HEALTHCARE CAPITAL, LLC is a Seed, Series A, Series B, Series C+, buyout, secondary, debt and other fund in the US, Europe, United Kingdom, Canada and Australia writing $10M–$50M checks into biotechnology, medical-technology, healthcare-it, medical-devices and it-infrastructure.
- Stages
- Seed, Series A, Series B, Series C+, buyout, secondary, debt, other
- Sectors
- biotechnology, medical-technology, healthcare-it, medical-devices, it-infrastructure
- Check size
- $10M–$50M
- Invests in
- US-wide, Europe, United Kingdom, Canada, Australia
- Round role
- Follows on
- Actively investing
- Yes
- Founded
- 2020
- Assets under management
- $778M
Thesis
Piper Heartland Healthcare Capital, LLC is a private equity firm operating as a healthcare investment platform within Piper Sandler. They focus on investing in innovative healthcare companies, primarily in biotechnology, medical technology, and healthcare information technology, with a broader mandate including medical devices and IT infrastructure. The firm targets companies with strong management, near-term public market prospects, and disruptive technologies, across various growth stages including early stage, growth, late stage, pre-IPO, and buyout, as well as recapitalizations and secondaries. Geographically, they invest across North America and Europe. Their strategy involves participating in investor syndicates rather than leading deals to avoid conflicts with Piper Sandler's clients, offering flexible investment sizes. The firm's flagship fund has over $200 million in committed capital, with a reported AUM of $778 million. They typically invest between $10 million and $50 million per deal. Piper Sandler was founded in 1895, while Piper Heartland Healthcare Capital, LLC registered with the SEC in 2020 and launched its first fund in March 2022. The firm is headquartered in Minneapolis, MN.
Common questions
Does PIPER HEARTLAND HEALTHCARE CAPITAL, LLC invest at the Seed stage?
Yes. PIPER HEARTLAND HEALTHCARE CAPITAL, LLC lists Seed, Series A, Series B, Series C+, buyout, secondary, debt and other among the stages it invests in.
What check size does PIPER HEARTLAND HEALTHCARE CAPITAL, LLC write?
PIPER HEARTLAND HEALTHCARE CAPITAL, LLC writes $10M–$50M checks.
Where does PIPER HEARTLAND HEALTHCARE CAPITAL, LLC invest?
PIPER HEARTLAND HEALTHCARE CAPITAL, LLC invests in the US, Europe, United Kingdom, Canada and Australia.