Overview
Advisory Business
Heritage Group actively supports the founding, growth and ultimate sale of several
healthcare businesses. In 2010, Heritage Group established HG Capital Management LLC,
a Delaware limited liability company with its principal place of business in Nashville,
Tennessee. Heritage Group provides discretionary investment advisory services to
privately offered pooled investment vehicles (each a “Fund” and, collectively, the
“Funds”) exempt from registration under the Investment Company Act of 1940, as
amended. Heritage Group was formed in 2010. Heritage Group’s principal owners are
Rock Morphis, David McClellan, Jesse Bland, Lauren Brueggen and Graham Hunter (each
a “Partner” and, collectively, the “Partners”).
Heritage Group will pursue its investment strategy through managing the Funds and
will have discretion with respect to investment decisions made for the Funds. Heritage
Group will provide investment advisory services to a Fund based on the investment
objectives and strategies described in each Fund’s confidential offering memorandum
and governing documents (referred
to collectively as “Offering Documents”). Through
each Fund’s investment committee (the “Investment Committee”), Heritage
Group will provide advisory services to each Fund by seeking to invest in innovative
healthcare services and healthcare technology companies that are addressing the
challenges of the U.S. Healthcare system. Furthermore, each Fund has (i) one or more
“Strategic Advisory Committees” consisting of representatives of Fund investors (the
“Strategic Partners”) and (ii) an “LP Advisory Committee” consisting of a non-voting
representative of Heritage Group and representatives of the Fund investors designated by
Heritage Group.
For purposes of the Investment Advisers Act of 1940, as amended (the “Advisers Act”),
Heritage Group’s advisory clients are the Funds. Heritage Group will follow the
investment strategy described in a Fund’s Offering Documents.
Heritage Group will not participate in wrap fee programs.
As of the date of this Brochure, Heritage Group manages approximately $806,473,742 in
regulatory assets management, all of which is managed on a discretionary basis.