Overview
WindRose Health Investors, LLC
WindRose Health Investors, LLC (“Adviser” or “WindRose”), together with its predecessor entity, MTS
Health Investors, LLC, WindRose Health Investors IV Management, L.P., WindRose Health Investors V
Management, L.P., and WindRose Health Investors VI Management, L.P., has been in business since
March 2000. The Adviser was wholly-owned by MTS Health Partners, L.P. - which is majority-owned by
Curtis Lane - until December 31, 2017. On January 1, 2018, the Adviser was spun-off and is now owned
by both Oliver Moses and Curtis Lane. Effective April 1, 2022, Curtis Lane has retired from his position at
WindRose Health Investors, LLC.
Types of Advisory Services
The Adviser provides advisory services to private equity funds (“Funds”) that primarily invest in middle-
market healthcare companies located in the United States. The Adviser makes investments through deal
structures that allow the Funds to seek control or exert significant influence over their portfolio companies.
The Adviser targets profitable companies that deliver cost-effective services and products, and have the
ability to gain market share in healthcare industry segments that are typically large, growing, fragmented
and poised for consolidation. Our current Private Funds are as follows:
WindRose Health Investors III, L.P.
WindRose Health Investors IV, L.P.
WindRose Health Investors Executive IV, L.P.
WindRose Health Investors V, L.P.
WindRose Health Investors V-A, L.P.
WindRose Health Investors VI, L.P.
WindRose Health Investors VI-A, L.P.
Maroon Investors, L.P.
Investment Restrictions
The investment program of each Fund has specific objectives and restrictions which are described in the
organizational documents and/or offering materials of each Fund. The Adviser does not tailor the Funds’
investment programs for any particular Fund investor, although certain investors that invest through co-
investment vehicles are permitted to elect not to invest in any or all opportunities identified by the Adviser.
Assets Under Management
As of December 31, 2023, the Adviser had assets under management of $3,166,493,372 all of which was
managed on a discretionary basis.