disciplined. relentlessly rational.
we are disciplined.
Success-driven culture. Real-world challenges. The excitement of building companies with the resources of an industry leader. Whatever brings you here, this is a place where extraordinary and diverse minds come together.
To achieve results that others consider impossible in the markets around the world, to work relentlessly to uncover and capture new opportunities.
Wel value creativity, entrepreneurship, and the spirit of discovery with analytical rigor, open exploration of ideas, and a relentless pursuit of excellence drive us forward.
How We Add Value
Aside from capital, we endeavor to provide value in a variety of ways to our portfolio companies. With the vast amount of expertise and experience resident within our First Radiant team, partners and advisors, someone on our team has likely experienced whatever issue or opportunity one of our companies encounters.
Leveraging Our Experience
We are a multidisciplinary team of industry veterans that brings a breadth of investment and operating experience and expertise to commercial-stage life sciences companies. Our goal is to provide that experience and insight to our companies, while always appreciating it is management that leads the companies and are ultimately responsible for the outcomes.
We take a hands-on approach to partnering with management teams to augment their commercial and operational strategies and execution. We pride ourselves on being able to “jump in” and expand the talent around the table when necessary, for example, a corporate development opportunity or recruiting a key leadership position.
We are passionate about building companies and delivering value to our limited partners and the healthcare system. Our entire team has “been there, done that”. We know the ups and downs or leading, building and exiting world-class Life Sciences companies. Our goal is to enable the passion, vision and opportunities imagined by our portfolio company leaders, while creating value for everyone involved.
What the mind can conceive and believe, and the heart desire, you can achieve.
There is only one thing that makes a dream impossible to achieve: the fear of failure.
Nothing in the world is worth having or worth doing unless it means effort, pain, difficulty… I have never in my life envied a human being who led an easy life. I have envied a great many people who led difficult lives and led them well.
Our mission is to be the most successful investment team in the world.
We empower the most talented minds in finance with an unparalleled combination of deep fundamental research, predictive analytics, and leading-edge technology to identify and capture new opportunities. Our world-class global team brings together the art of investing with the science of finance to help our capital partners achieve their financial goals.
A Highly Selective Investment Process.
Evaluating private companies can be a complex process. However, we are research driven and undertake a robust due diligence process prior to a capital commitment. In fact, only a portion of all investment opportunities evaluated are ultimately realized.
Step 1: Sourcing
First Radiant’s team of senior investment professionals is located in New York, Chicago, Los Angeles, Washington, DC, Miami, and London. Through their network of more than 9,500 relationships, 1,000s opportunities were reviewed in 2020 for potential investment.
Step 2: Evaluation & Due Diligence
After a robust screening process, only a few companies are selected for capital investment.
Key Acquisition Attributes:
- Recognized leaders in the industry
- Ownership alongside engaged management
- Attractive financial profile
- Durable and growing business model
Step 3: Capital Commitment
- Capital structure customized to include appropriate proportion of controlled equity and debt positions which may help provide downside protection.
- Financial/operating covenants established to measure performance and potentially mitigate loss.
- While First Radiant may directly control a percentage of the businesses, a small percentage of the businesses may be co-investments alongside other funds managed by affiliates of the sub-manager.¹
Step 4: Advice & Monitoring
- Ongoing monitoring
- Financial and strategic advice
- Introduction to new business opportunities
- Follow-on growth and acquisition capital/financing