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Frist Capital is an investment firm specializing in direct investments, secondary direct investments, fund of fund investments, and secondary indirect investments. Founded by Thomas F. Frist III in 1998, the firm makes acquisitions of public or private companies and seeks to invest a minimum of $20 million. Frist's father, Thomas F. Frist, Jr., is a billionaire who served as the Chairman of the Hospital Corporation of America (HCA) and his mother, Patricia C. Frist, served as a director of SunTrust Banks from 2000 to 2010. With a family fortune estimated at $20.8 billion, Frist Jr. is ranked by Forbes as the wealthiest man in Tennessee. His brother is a former Republican U.S. senator from the same state. Frist III also is a director of HCA, the Frist Foundation and a general partner in Frisco Partners, a Frist family investment entity, according to the HCA website. Within direct investments, Frist Capital targets companies in middle markets, later stage, mature, turnarounds, emerging growth, mid venture, and late venture stages and focuses on PIPEs, industry consolidation, buyouts, growth capital, and recapitalization transactions. Within fund of fund investments, it focuses on private equity funds, venture capital funds, and real estate funds.
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