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Invidia founder Jo Natauri bullish on healthcare; Kian scouts next location for PARC Auto add-on

Morning Hubsters, Craig McGlashan here with the Tuesday Wire.

We’ve got lots to get into today as the US returns from the Labor Day break. But first, just a reminder that starting tomorrow morning, PE Hub will be expanding to include in-depth coverage of European deals – and that means you’ll begin receiving the Europe edition of the Wire. More on that at the bottom of today’s newsletter.

Diving in, Invidia Capital Management founder Jo Natauri is the latest interviewee in our Dealmakers to Watch series, as she talks about her firm’s outlook for the healthcare sector and her journey in private equity.

Next, Kian Capital Partners tells us about its next target for auto repair platform PARC Auto –and why the auto repair sector is becoming an increasingly attractive place to invest.

Evolution

Healthcare investor Invidia Capital Management is optimistic about 2025 as dealmaking picks up in the second half of 2024 and sees new opportunities in its key subsectors, particularly as AI and technology evolve, founder Jo Natauri told PE Hub’s John R Fischer in the latest of our Dealmakers to Watch series.

Find out more in the premium version of the Wire about the outlook, Invidia’s latest hires and Natauri’s journey in private equity, including a stint as global head of healthcare investing at Goldman Sachs Asset Management before founding Invidia last year.

Editor’s note: PE Hub has launched a series of profiles called Dealmakers to Watch. We’re featuring private equity professionals as they pivot to new challenges, such as moving to a new firm, launching a new firm, getting promoted to partner, launching an investment strategy, closing a significant deal or some other new endeavor.

Send potential interviewees over to me at craig.m@pei.group

Driving on

Kian Capital Partners has been busy adding locations to its auto repair platform PARC Auto – and now has a new destination in its sights, principal Caldwell Zimmerman told Rafael Canton.

Find out which, as well as why the auto repair market is booming, in the premium version of the Wire.

Right, that’s all from me today.  PE Hub editor-in-chief MK Flynn is back from vacation and will write to you tomorrow – but so will I, as, starting tomorrow, readers will receive not one but two Wires, as we expand PE Hub with in-depth European deal coverage. The first Wire from the London desk will arrive in your inbox in the European morning, and the second Wire from the New York desk will arrive at the usual time. We’re very excited to bring you this expanded coverage!

Cheers,

Craig

Read the full Wire commentary on PE Hub ...

Also of note (may require subscriptions)

Over the last few years, GPs have increasingly been looking to diversify their investor pool, building out resources to meet the needs of individual investors and the wider private wealth community. In its democratization report published today, Buyouts examine the role of technology, education progams and semi-liquid fund structures in appealing to this audience.

Carlyle Group has outlined three value creation strategies for Seidor, including a focus on growing its enterprise resource planning business via its partnership with software company SAP, Fernando Chueca, partner in Carlyle Europe Technology Partners’ investment advisory team, told PE Hub Europe.

Is the UK water sector uninvestable? A new regulatory period looms but attracting much needed capital when ‘investors can earn a higher return with much less risk’ elsewhere will be an uphill struggle. (Infrastructure Investor)

Investcorp, the Gulf’s biggest private equity firm according to the PEI 300, is restructuring its senior leadership. The shake-up will see one of its co-chief executives, who has been with the firm for three decades, step aside. (Private Equity International)

Bain Capital’s Cotton: "We’ve never been afraid to be different." Remaining private has been a ‘strategic advantage’ for the Boston-based manager in multiple respects, says the firm's head of real estate. (Private Equity real Estate)

Cubera Private Equity has held the final close on its latest and largest flagship secondaries fund as interest in the Nordic private equity market rises. (Secondaries Investor)

Private wealth distributors are slowing the number of alternatives firms they’re adding to their platforms, according to Partners Group‘s chief executive. (Private Equity International)