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Adviser Profile

As of Date 03/29/2024
Adviser Type - Large advisory firm
Number of Employees 12
of those in investment advisory functions 9
Registration SEC, Approved, 1/3/2017
AUM* 1,147,666,733 -7.52%
of that, discretionary 1,038,926,264 -7.90%
Private Fund GAV* 1,147,666,733 -7.52%
Avg Account Size 127,518,526 -28.07%
SMA’s No
Private Funds 6 1
Contact Info (64 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
1B 967M 806M 645M 483M 322M 161M
2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count6 GAV$1,147,666,733

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Brochure Summary

Overview

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”).