Provident Healthcare Ventures to manage the inaugural $25m Principals Fund I.
The partners at boutique investment bank Provident Healthcare Partners (PHP) have committed $25m for its first corporate venturing fund.
Its subsidiary, Provident Healthcare Ventures, will manage the inaugural Principals Fund I. The fund will invest between $250,000 and $3m in three to six early-to-late-stage healthcare services companies each year.
Bob Ciardi, managing partner at PHP, which has advised on more than 100 deals acting only for the vendor, said he would be one of the principal investors in the fund…
