Windrose Health Investors, LLC

WindRose Health Investors, LLC, established in March 2000, specializes in providing advisory services to private equity funds investing in middle-market healthcare companies in the United States. The firm targets profitable companies in the healthcare industry segments poised for consolidation. WindRose manages assets totaling $3.6 billion on a discretionary basis. Clients invest in Funds with a minimum amount specified in the offering materials, subject to waiver by the Adviser. The fee structure includes an annual management fee ranging from 1.5% to 2% of invested capital and a carried interest of 20% of profits if investors achieve an 8% return. The Adviser exercises investment discretion in managing the Funds' investments, focusing on active portfolio management and enhancing portfolio companies' performance. Investment strategies involve analyzing healthcare sub-sector dynamics, industry changes, and providing resources to portfolio companies. Risks include business risks, private equity investment risks, and concentration risks. The Adviser has adopted a Code of Ethics and selects brokers based on best price and execution capability. The firm has custody of client assets and provides audited financial statements and tax information to investors. WindRose has not been subject to disciplinary actions and does not actively compensate for client referrals. The Adviser exercises voting authority over client securities and has not faced financial distress in the past ten years.