Hep Management Corporation

HEP Management Corporation, a registered investment adviser founded in 2006, specializes in private equity investments in U.S.-based healthcare IT and healthcare service companies. The firm manages four funds and targets growth equity, recapitalization, and buyout opportunities in which it has control or significant governance influence. HEP's investment strategy leverages its extensive network to identify and support innovative companies serving hospital systems and health plans. The firm's regulatory assets under management were approximately $412 million as of December 31, 2024. HEP charges management fees based on committed capital and a 20% performance-based fee. The firm acts as a fiduciary, providing investment advice directly to the funds, with investors having no control over fund management. HEP's principals have significant personal investments in the funds, aligning their interests with limited partners. The firm has a code of ethics, reviews accounts regularly, and retains proxy voting authority for publicly traded securities. HEP has no financial commitments impairing its ability to meet obligations and has not undergone bankruptcy proceedings. For more detailed information, refer to HEP's Form ADV Part 2A brochure.