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CR Group L.P. (CRG) is a global investment firm founded over 15 years ago, with its headquarters in Boulder, Colorado. The firm has additional offices in Houston, Texas, and New York, New York. CRG manages over $4 billion in institutional capital, focusing on improving healthcare through credit and select equity investments. Recognized as one of the largest life sciences lenders, CRG provides flexible growth capital solutions primarily through non-dilutive financing.
Over the years, CRG has evolved to specialize in healthcare investments, targeting small to mid-sized firms across various sectors. The firm has established a strong presence in North America and has made significant strides in supporting companies within the healthcare ecosystem. Notable milestones include its recognition as a leading provider of royalty financing and structured credit tailored for the biopharma sector.
CRG invests across various sectors within healthcare, including consumer health, life sciences, and healthcare services & IT. The firm targets small to mid-sized healthcare firms, offering capital solutions ranging from $20 million to $300 million. This investment strategy emphasizes non-dilutive financing, allowing companies to achieve sustainable growth while retaining their equity ownership.
CRG's focus on healthcare extends to multiple therapeutic areas, including oncology, neurology, and cardiovascular health. The firm actively seeks opportunities in Medicare Advantage and mental health services, as well as consumer health companies, including those in animal care. By providing tailored financing options, CRG supports its portfolio companies in navigating the complexities of the healthcare market.
CRG's portfolio includes a diverse range of investments across various therapeutic areas, featuring both exited and active companies. Notable investments in the life sciences sector include companies focused on oncology, neurology, and cardiovascular health. These investments are strategically located in regions such as California and New Zealand.
In the healthcare services & IT sector, CRG has invested in companies specializing in Medicare Advantage and mental health services, with active investments based in Brentwood, TN, and Austin, TX. Additionally, the firm has a presence in the consumer health sector, with active investments in companies focused on animal care. This diverse portfolio underscores CRG's commitment to supporting sustainable growth within the healthcare industry.
Luke Düster - Chief Investment Officer. Luke has extensive experience in investment management and has led numerous successful deals in the healthcare sector.
Scott Li - Partner. Scott specializes in healthcare investments and has a strong background in financial analysis and portfolio management.
Noel Holmes - Executive Assistant. Noel supports the team with administrative tasks and ensures smooth operations within the firm.
Jack Carter - Analyst. Jack conducts market research and analysis to support investment decisions.
Andy Page - Operating Partner. Andy brings operational expertise to the firm, helping portfolio companies optimize their growth strategies.
Karoline Hilu, MD - Operating Partner. Karoline provides medical insights and guidance to healthcare investments, leveraging her clinical background.
Dana Jacoby - Operating Partner. Dana focuses on strategic growth initiatives for portfolio companies, drawing on her extensive industry experience.
Josh Blanchfield - Operating Partner. Josh works closely with portfolio companies to enhance their operational efficiency and market positioning.
To pitch CRG, founders should send an email to crgir@crglp.com with a detailed pitch deck. The deck should include information about the business model, market opportunity, competitive landscape, and financial projections. CRG prefers concise and well-structured presentations that clearly outline the value proposition.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial but not mandatory.
In recent months, CRG has continued to expand its portfolio in the healthcare sector, focusing on investments in oncology, neurology, and cardiovascular health. The firm has also made significant investments in companies involved in Medicare Advantage and mental health services.
CRG's active investments include consumer health companies, particularly those focused on animal care, showcasing the firm's commitment to diverse healthcare solutions. The firm remains a key player in the life sciences lending space, providing essential capital to support sustainable growth.
What are CRG's investment criteria?
CRG focuses on small to mid-sized healthcare firms across various sectors, including consumer health, life sciences, and healthcare services & IT. The firm provides capital solutions ranging from $20 million to $300 million, primarily through non-dilutive financing.
How can I apply or pitch to CRG?
Founders can reach out to CRG via email at crgir@crglp.com to discuss potential investment opportunities. A detailed pitch deck outlining the business model, market opportunity, and financial projections is recommended.
What makes CRG different from traditional venture capital firms?
CRG specializes in providing non-dilutive capital solutions, which allows founders to maintain equity ownership while accessing necessary funding for growth. This approach contrasts with traditional equity VC models that typically require equity dilution.
What is CRG's geographic scope?
CRG invests globally, with a strong emphasis on North America. The firm actively seeks opportunities in various regions, including California and New Zealand.
What is CRG's post-investment involvement like?
CRG provides tailored support to its portfolio companies, focusing on sustainable growth through flexible financing options. The firm engages with its companies to ensure they have the resources needed to succeed in the healthcare market.
What is the typical fund size and check size for CRG?
CRG manages over $4 billion in assets under management (AUM) and typically invests between $20 million and $300 million in its portfolio companies.
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