Waud Capital Partners’ recent promotion announcement highlights the firm’s commitment to sector-focused investing. By elevating professionals with deep expertise in healthcare and technology, the Chicago-based private equity firm reinforces the strategic approach that has driven its success for three decades.
Since founding the firm in 1993, Reeve B. Waud has championed the importance of specialized knowledge in private equity investing. This focus has allowed Waud Capital to identify promising companies, implement effective value-creation strategies, and build market-leading businesses across its target sectors.
Healthcare Specialization Drives Opportunity
The promotions of Tim Cremieux and Kyle Lattner within the Healthcare Group demonstrate Waud Capital’s commitment to developing specialized expertise across healthcare subsectors. Cremieux, who joined in 2017, focuses on pharma services, payor services, and medication supply chain. Lattner, with the firm since 2013, brings knowledge of medical device services, home care, and behavioral health.
This concentration of healthcare expertise enables Waud Capital to identify trends and opportunities across the industry. The firm’s portfolio includes companies that address critical healthcare needs, reflecting its ability to spot promising businesses in complex and highly regulated markets.
Technology Focus Enhances Investment Capabilities
The elevation of Paul Sutphin to Partner in the Software & Technology Group complements Waud Capital’s healthcare expertise. Since joining in 2013, Sutphin has contributed to investments in software, healthcare IT, and fintech, including the firm’s recent acquisition of Science Exchange.
Reeve Waud’s decision to focus on technology alongside healthcare has positioned the firm at the intersection of two dynamic industries. As healthcare delivery and payment systems become increasingly technology-dependent, Waud Capital’s dual-sector expertise creates distinctive advantages in identifying and evaluating investment opportunities.
Creating Value Through Deep Industry Understanding
“At Waud Capital, we firmly believe that exceptional people drive exceptional value, and it holds true in both our portfolio and firm,” Reeve Waud stated in the announcement. This commitment to excellence is reflected in the firm’s approach to both talent development and investment strategy.
By developing teams with specialized sector knowledge, Waud Capital enhances its ability to identify operational improvements, strategic opportunities, and potential challenges for portfolio companies. This deep industry understanding has contributed to successful investments throughout the firm’s history, including Acadia Healthcare, which became a leading behavioral health provider under Waud Capital’s guidance.
Positioned for Continued Sector Leadership
The recent promotions strengthen Waud Capital’s position across its target sectors as it enters 2025. With enhanced leadership capabilities in both healthcare and technology groups, the firm is well-equipped to identify promising companies and implement effective value-creation initiatives.
As Justin DuPere, Partner and Co-Head of the Software & Technology Group, noted in the announcement, “These promotions underscore our momentum going into 2025 as we look to deploy capital across key sectors. Our newly elevated leaders exemplify our talent-led, thesis-driven investment approach.”
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