Healthcare-focused private equity firm Mansa Capital Management is eyeing a new growth vehicle to take advantage of potential backing from the US Small Business Administration.
Mansa has received a ‘green light’ letter from the SBA to raise the vehicle according to Dow Jones, which said it would target healthcare information technology and service companies.
Last December Mansa brought total commitments for its new healthcare fund to roughly $50m by raising an additional $15m in institutional capital.
AltAssets revealed in 2012 that Mansa had held a first close after collecting $30m of commitments, including a sizeable chunk from fund of funds Muller & Monroe (M&M).
Managing partner Ruben King-Shaw told AltAssets at the time he hoped the exhaustive due diligence process performed by M&M would persuade other investors to come on board.
The firm targets companies which help to contain healthcare costs and improve clinical outcomes, and is particularly interested in those which can meet the increased demand from Hispanic and urban populations in the post-reform landscape.
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