VC  Partisan Management Group

http://www.partisanmgmt.com





     Office Locations:

6 Ocean Club Drive
Amelia Island, FL 32034
Phone: 904-491-8619
Fax: 904-491-8606

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Stages:

  • Early


 

Industries:

  • Life Sciences & Healthcare
  • Medical Device

  •  

    Description:

    Partisan Management Group is an early stage venture capital investor in medical device companies. The funds managed by Partisan are provided entirely by the two principals of the firm. Partisan begins by identifying large, unmet medical needs before clinical and investment focus by others. Partisan often creates or licenses intellectual property and initially forms a wholly owned new company. Partisan selects a management team whom the principals can treat as partners for the duration of the investment. Partisan principals often act as senior officers as well as board members. Partisan typically provides the founding round of capital and then leads a seed round with its network of angel investors or selected venture firms. The firm has ten completed investments - eight resulted in successful liquidity events, and one (RxKinetics) did not. The firm's cash-on-cash return to date has been 6.5 times, and its IRR to date is 60%. Two of the successful investments (Corvita and Novoste) were syndicated with other venture firms and were taken public. Three (RxKinetics, Renal Solutions and Liposonix) were syndicated and sold as pre-revenue companies. One (Medivance) was syndicated, operated for thirteen years, and built into a substantial and profitable company. Three of the other four (Novoste Puerto Rico, Enable Medical and Impla-Med) employed only angel financing, and the final company (Symbiosis) was bootstrapped with no outside financing. Four of the Partisan companies are cardiovascular device industry participants. Three developed treatments or devices for renal diseases, two have developed minimally invasive surgical instruments, two treat neurological conditions, one pioneered a new type of dental implant, one developed new drug delivery technology, one is focused on aesthetic medicine, and one develops ethnographically designed self-treatment kits for chronic diseases.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Karen J. Cassidy Principal
    Norman R. Weldon Ph.D. Principal

     

    Portfolio companies include:


      Ash Access
        web link


      AtriCure
        web link


      Enable Injections
        web link


      Medivance
        web link


      Neuronetics
        web link


      Surefire Medical
        web link


      ZS Pharma
        web link


     

    Recent News:


      There is no recent news for Partisan Management Group.