Participated · Series B · Feb 2022

ConcertoCare is a tech-enabled, value-based provider delivering comprehensive at-home care for seniors and other adults with unmet health and social needs. It deploys interdisciplinary physician-led teams — physicians, nurses, pharmacists, health coaches, behavioralists, and social workers — available in person and virtually and supported by its proprietary population health platform, Patient3D®. The company integrates medical, behavioral, and social determinants of health and uses connected devices and clinical decision support to manage complex chronic conditions and optimize care delivery. ConcertoCare works with a variety of payers, including Medicare Advantage, Medicare‑Medicaid plans, and CMS value-based programs, and can partner with a patient’s current primary care physician or serve as provider of record; it also offers PACE for qualifying members. The company serves seniors in eight states and plans to use new funding to scale delivery of its comprehensive in-home care model to more seniors; it has acquired Crown Health to accelerate growth in the Pacific Northwest. Financially, ConcertoCare has raised $149.5 million in equity to date, including a $105 million Series B announced Feb. 3, 2022. ConcertoHealth delivers individualized primary and preventive care for complex, frail, elderly and dual-eligible patients across settings including care centers, homes, hospitals and outpatient facilities. Its Care Model bundles hospital-based physicians, nurse case managers, care coordinators, social workers, pharmacists, dieticians and logistical supports to manage high-acuity patients. The company uses proprietary population health management technology to give physicians tools to accept accountability for patient outcomes. Led by president and CEO Alec Cunningham, ConcertoHealth integrates clinical care with social services to address both medical and non-medical needs. The company intends to use recent funding to expand its care model with new and existing payor partners. No operating metrics were disclosed in the article.

Participated · Equity · Jul 2021

MPOWER Financing specializes in originating fixed-rate student loans for international graduate students, with a focus on STEM, business and health programs at leading U.S. and Canadian institutions. Its proprietary underwriting algorithm blends overseas and domestic credit data with projected future earnings to assess creditworthiness. The company partners with more than 500 universities and has served students from over 200 countries, 93 percent of whom say the financing was essential to completing their degrees. To scale its rapidly growing loan book, MPOWER has embraced the capital markets, securitizing more than $600 million of assets to date. Management plans to run a series of programmatic private financings alongside its existing public ABS program to diversify funding sources and widen investor access. Headquartered in Washington, D.C. and employing staff worldwide, the mission-driven lender aims to increase socioeconomic mobility while helping universities recruit diverse talent.

Participated · Equity · Jul 2021

Mpower offers loans and personal-finance education to students from over 200 countries, working with more than 370 universities and colleges across the US and Canada. The company underwrites loans using domestic and overseas credit data and assessments of students’ future earning potential rather than family assets or income. Since its 2014 founding, Mpower has received applications for loans totaling more than $2 billion. India is its largest market, accounting for about 20% of overall volume, and the firm currently employs 77 people in its Bengaluru office. Management plans to use new funding to directly support students, automate and scale operations, retain more loan production in-house, and expand the Bengaluru team to roughly 200 employees. The company also provides career support and aims to help students build credit history alongside lending. Mpower provides higher-education loans to students attending partner universities abroad, with loan sizes typically between Rs 140,000 and Rs 3,500,000 and interest rates set at agreement (8.89%–14.97%). Loans carry a ten-year payback period, a one-time origination fee equal to 5% of the disbursed loan, and late-payment fees; Mpower reports student repayments to U.S. credit agencies to help build credit. Applicants must hold an F-1 student visa and attend one of Mpower’s roughly 350 partner universities to be eligible. The company also offers visa guidance and job-assistance services and is pursuing corporate partnerships in India to train employees and support their university applications. Operationally, India accounts for one in five loans and represents 25% of Mpower’s total loan book. Mpower’s investor base includes Zephyr Management, Goal Structured Solutions, Gray Matters Capital, and University Ventures, among others.