Thomas P. Chung

Vice President at Health Evolution Management Co. LLC

Thomas P. Chung

Thomas P. Chung

Vice President at Health Evolution Management Co. LLC

Biography

Select Experience:

Crescent Capital Group: Thomas worked in the Mezzanine Group where he analyzed privately negotiated mezzanine debt investments with equity participation in take-private, divestiture, refinancing, follow-on acquisition and restructuring transactions.

UBS Investment Bank: As a member of the firm’s Financial Sponsor, Leveraged Finance & Restructuring Group, Thomas worked on debt financing transactions and providing restructuring advisory services for corporate and private equity clients across a variety of industries.

Overview
RelSci Relationships

50

Relationships
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Partner Head of the Portfolio Services Group at Health Evolution Management Co. LLC

Relationship likelihood: Strong

Investment Partner at Health Evolution Management Co. LLC

Relationship likelihood: Strong

Partner at Health Evolution Management Co. LLC

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Partner at Health Evolution Management Co. LLC

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Partner at Health Evolution Management Co. LLC

Relationship likelihood: Strong

Director at ProteinSimple, Inc.

Relationship likelihood: Average

Former Senior Advisor, Spectrum Fund at Health Evolution Management Co. LLC

Relationship likelihood: Average

Executive Officer at Five Arrows Managers (USA) LLC

Relationship likelihood: Average

Director of Product at Health Evolution Management Co. LLC

Relationship likelihood: Average

Chief Executive Officer & Director at CenseoHealth LLC

Relationship likelihood: Average

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Thomas P. Chung
Vice President at Health Evolution Management Co. LLC
Education

Stanford University, located between San Francisco and San Jose in the heart of California's Silicon Valley, is one of the world's leading teaching and research universities. Since its opening in 1891, Stanford has been dedicated to finding solutions to big challenges and to preparing students for leadership in a complex world.

Career History
Vice President
Current

Health Evolution Management focuses on long-term investments in healthcare companies that provide services, technologies and information solutions that improve the delivery, organization and financing of healthcare.The Health Evolution Partners Growth and Buyout Fund is a $500 million fund that invests in late stage healthcare companies. The fund focuses on investments in successful companies that have the potential to become market leaders and to improve value to end users. The fund makes growth and late stage investments in companies that are EBITDA positive or that have a demonstrated pathway to EBITDA growth. Investments may take the form of expansion capital, recapitalizations, buyouts, spin-offs and other forms of late stage financing. Health Evolution Management focuses on companies with sustainable competitive advantages, strong management teams and proprietary healthcare technology and processes. Initial equity investments range from $20 million to $80 million.Health Evolution Management developed the Health Evolution Partners Innovation Network (HEPIN), a $200 million fund supported by a partnership between the firm and a small number of early-stage venture capital funds. Partner funds work with Health Evolution Management to move innovations from idea to proof-of-concept and to develop leading management teams of the future. Health Evolution Management invests directly in portfolio companies and also invests into partnered venture funds.The firm's direct investments in portfolio companies take the form of lead investments and co-investments with HEPIN fund partners. Health Evolution Management may also invest in syndication with other funds. The firm seeks to invest in healthcare services, technology, diagnostics and medical devices that have the potential to establish a leadership position in a niche market, become the foundation for a solution platform or offer an innovation or disruption that can be integrated into an existing solution platform. They prefer to invest in opportunities in which significant engineering, science and regulatory risk does not exist. The firm also prefers to invest in companies operating in large markets with favorable growth trends and supportive regulatory and reimbursement environments. Health Evolution Management plays an active role in their investments taking board seats with all lead investments and at least board observation rights with co-investments. Initial equity investments range from $5 million to $10 million with capital reserved to maintain the firm's pro rata ownership.

Financial Analyst
Prior

UBS Investment Bank provides investment banking and securities brokerage services. Its clients include institutional and corporate clients, intermediaries, governments, and hedge funds. The firm also provides merger and acquisition advisory, private placement, investment research, foreign exchange, equity, and leverage finance advisory services. The firm is headquartered in San Francisco, CA.

Professional
Prior

Crescent Capital Group provides investment advisory services primarily to institutional investors through private investment funds including structured vehicles and separately managed accounts. The funds include closed-end and open-end limited partnerships, collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), and other investment vehicles. Crescent's investment advice focuses on investment and credit management activities in one or more below-investment grade corporate debt strategies through the following product groups: Capital Markets, Direct Lending, European Specialty Lending, Mezzanine, and Special Situations.

Other Affiliations
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