Investments

Piper Heartland Healthcare Capital, LLC

Investment Characteristics
Healthcare Industry Focus:	Healthcare companies within Piper Sandler’s established areas of advisory expertise and research coverage
Late-Stage and Crossover Focus:	Last round of private investment for companies that have near or mid-term potential liquidity paths available to them
Differentiated Technologies or Services:	Healthcare companies that possess technology, IP, processes, know-how or other proprietary attributes that are innovative and disruptive
Strong Management:	Talented management teams capable of executing clinical, development and business plans while adapting to anticipated and unanticipated challenges
Respected Investor Syndicates:	Highly respected managers that have an exceptional record of investing in sector-specific healthcare companies in both private and public equity opportunities
Aligned Perspective:	Aligned with Piper Sandler investment banking, equity research and capital markets – to ensure a unified perspective of market potential for the technology or service offerings from our target portfolio investments

Since inception, Piper Heartland Healthcare Capital has invested in the following companies: