General Description of Advisory Firm
HEALTHPOINTCAPITAL Management, LLC is a Delaware limited liability company that was formed
in 2017 and is located in San Diego, California. HEALTHPOINTCAPITAL Management is controlled by
its principal owners, John Foster, Managing Partner and Michael Mogul, Managing Partner.
HEALTHPOINTCAPITAL Management, LLC together with two affiliate general partners, HGP IV, LLC,
a Delaware limited liability company (“HGP IV”) and HGP MSK II, LLC, a Delaware limited liability
company (“HGP MSK II”), collectively conduct a single advisory business. Unless otherwise
indicated, any references to "HEALTHPOINTCAPITAL Management" herein refers to
HEALTHPOINTCAPITAL Management, LLC and its affiliated general partners.
Each of HEALTHPOINTCAPITAL Management and its affiliate general partners are subject to
the same compliance policies and procedures and operate under a single Code of Ethics,
each of which are administered by a single chief compliance officer.
Description of Advisory Services
HEALTHPOINTCAPITAL Management provides investment advisory services to private funds (each, a
"Fund") that invest directly in healthcare related operating companies. The Funds are structured as
limited partnership vehicles which are exempt from registration under the Investment Company Act
of 1940, as amended (the “Investment Company Act”), in reliance on Section (3)(c)(1) thereof, and
whose securities are not registered under the Securities Act of 1933, as amended (the “Securities
Act”), in reliance on an exemption under Regulation D thereof. The Fund’s investors are limited
partners and a HEALTHPOINTCAPITAL Management affiliate serves as the Fund’s general partner.
Details of the guidelines, parameters and restrictions on investments relating to the Fund clients may
be found in the applicable Fund's organizational and offering documents (“Governing Documents”).
The Funds are available for investment only by institutional investors and other sophisticated, high-
net-worth investors, who meet the eligibility requirements of the applicable fund set forth in its
Governing Documents.
The Funds include:
• HEALTHPOINTCAPITAL Partners IV, L.P., a Delaware limited partnership; and
• HEALTHPOINTCAPITAL Musculoskeletal II, L.P., a Delaware limited partnership.
The primary focus of HEALTHPOINTCAPITAL Management’s investment advisory activity is
researching, advising on,
and managing private equity investments, including through acquisitions
and dispositions. These investments mainly consist of acquisitions of control positions, using
minimal leverage, in companies in the musculoskeletal health sector. HEALTHPOINTCAPITAL
Management specifically focuses on established businesses in the musculoskeletal sector of the
medical device industry that it believes have promising growth potential. These investments take the
form of privately negotiated investment instruments including registered and unregistered equity
securities issued by both U.S. and non-U.S. companies. Although the primary focus of each Fund
is established businesses in the musculoskeletal sector that have promising growth potential,
HEALTHPOINTCAPITAL Management may from time to time recommend other types of investments
consistent with the respective Fund’s investment strategy and objectives.
Availability of Customized Services for Individual Clients
HEALTHPOINTCAPITAL Management decisions and advice with respect to each Fund will be subject
to each Fund’s investment objectives and guidelines, as set forth in its respective offering documents.
The general partner of a Fund may restrict investments by such Fund in certain types of securities.
Any such restrictions would be described in the Governing Documents received by each limited
partner before investing in a Fund. Once invested in a Fund, individual limited partners cannot impose
restrictions on the types of securities in which such Fund may invest. The restrictions on the types of
securities in which a Fund may invest are set forth in such Fund’s Governing Documents.
From time to time, a Fund's general partner may enter into “side letters” or similar agreements with
certain investors pursuant to which the general partner grants the investor specific rights, benefits, or
privileges that may not be made generally available to other investors. If we determine that any of
these side letters or agreements represent a variation that would be material to other investors, we would
disclose it to Fund investors in an appropriate fashion.
Wrap Fee Programs
HEALTHPOINTCAPITAL Management does not currently participate in any Wrap Fee Programs.
Assets Under Management
As of December 31, 2023 HEALTHPOINTCAPITAL Management manages on a discretionary basis,
approximately $180,986,124 of client assets. HEALTHPOINTCAPITAL Management does not manage
any assets on a non-discretionary basis.