Madryn is a Delaware limited partnership that was founded and established in July 2016. In January 2024,
Madryn closed on a strategic transaction (the “Transaction”) with Walter Global Asset Management, Inc.
and its affiliates (collectively, “WGAM”) whereby WGAM acquired an indirect minority ownership stake
in Madryn along with an interest in certain other entities affiliated with Madryn (the “Transaction”).
WGAM is a global diversified private equity firm based in Canada that seeks to deliver strategic partnership
and development capital to investment managers, financial service firms and wealth managers. As a result
of the Transaction, the Firm is 99% owned by Madryn Capital, LLC (“Madryn Capital”) a Delaware limited
liability company, with the remaining 1% directly held by Dr. Avinash Amin. Dr. Amin and Mr. John
Ricciardi collectively hold a significant majority ownership interest in Madryn Capital, with the remaining
minority interest held by WGAM.
The Firm provides discretionary and non-discretionary investment advice to pooled investment vehicles
(each such vehicle, a “Fund,” and all such vehicles collectively, the “Funds”, or “Clients”) that are exempt
from registration under the Investment Company Act of 1940, as amended (the “1940 Act”) and whose
securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”). Madryn
has broad and flexible investment authority with respect to the management of Client accounts, subject to
investment objectives, policies, procedures, and restrictions set forth in, as applicable, the limited
partnership agreement (or analogous governing document) of the respective Client (each such agreement
an “Advisory Agreement”). The Firm’s advisory services consist of sourcing and evaluating investment
opportunities, structuring, negotiating and executing investments on behalf of the Funds, managing and
monitoring the
performance of such investments, and disposing of such investments. Investment advice is
provided directly to the Funds and not individually to the investors in the Funds (each such investor, a
“Limited Partner”).
Madryn and its affiliates provide investment advisory services and certain administrative services to the
below pooled investment vehicle clients. Please see Item 7 for a more detailed description of the Funds.
- Madryn Health Partners (Cayman Master), LP – a privately offered pooled investment vehicle with
a mini-master feeder structure, domiciled in the Cayman Islands.
- Madryn Health Partners, LP – a privately offered pooled investment vehicle and Delaware limited
partnership that operates parallel to Madryn Health Partners (Cayman Master), LP (together with
Madryn Health Partners (Cayman Master), LP, (“MHP I”)).
- Madryn Select Opportunities, LP – a privately offered pooled investment vehicle and Delaware
limited partnership.
- Madryn Health Partners II (Cayman Master), LP – a privately offered pooled investment vehicle
with a mini-master feeder structure, domiciled in the Cayman Islands.
- Madryn Health Partners II, LP – a privately offered pooled investment vehicle and Delaware
limited partnership that operates parallel to Madryn Health Partners II (Cayman Master), LP
(together with Madryn Health Partners II (Cayman Master), LP, (“MHP II”)).
- Madryn Health Partners II Overage, LP – a privately offered pooled investment vehicle and
Delaware limited partnership with a mini-master feeder structure.
In addition to providing investment advisory services to Clients, Madryn, through an affiliate, acts as the
administrative agent and/or collateral manager in connection with certain structured debt investments.
As of December 31, 2023, Madryn has twelve employees and manages approximately $1.1 billion in
regulatory assets under management (“RAUM”).