Chicago Pacific Founders

What Chicago Pacific Founders does

Chicago Pacific Founders (operating as Chicago Pacific Capital L.P.) is a US-based, healthcare-focused private equity firm founded in 2014 and registered as an investment adviser with the SEC. The firm invests through a thesis-driven, AI-supported strategy across four pillars: Care Model Innovation, Medical Specialties, AI & Tech-enabled Services, and Healthcare Real Estate. Its portfolio spans 18+ companies including Pinnacle Dermatology (70+ locations), WellBe Senior Medical, CPF Living (47 communities across 16 states), Marquee Dental, Sage Veterinary Centers, Impact Advisors, Tredence, P3 Health Partners, and more recent additions Nexben (health benefits fintech) and Attune (Agentic Engagement Platform for Healthcare). Across these holdings, the firm is described as managing more than 3 million lives through value-based care arrangements.

The firm operates with offices in Chicago and San Francisco and a team of 11-50, drawing on a bench of founders and operators who are placed into portfolio leadership roles, such as the appointment of operating partner Mark Smith as CEO of Nexben in October 2025. Revenue is generated through private equity fund management (management fees and carried interest), with capital raised from qualified investors via private placement memoranda. The go-to-market relies on direct LP relationships, an insights-driven content marketing program, and industry conference presence rather than retail distribution.

Distribution and sourcing are anchored in CPF's healthcare network: the firm markets itself as having "the most connected team in the industry," with deep access across providers, payers, specialty practices, and real estate operators enabling differentiated deal flow and operating support. Portfolio companies are scaled through platform-build acquisitions (e.g., Pinnacle Dermatology's roll-up to 70+ sites, Sage Veterinary specialty expansion) and operational improvements, exemplified by CPF Living's 90%+ occupancy rate outperforming industry peers by more than 10 percentage points.

Name

Chicago Pacific Founders

Legal name

Chicago Pacific Capital L.P.

Website

http://www.cpfounders.com/

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Chicago Pacific Founders is a healthcare-focused private equity firm founded in 2014 that manages 18+ portfolio companies spanning value-based care, specialty medical practices, AI-enabled health services, and senior housing across the US.

Ownership category

akta.pro rank

Product category

Healthcare Private Equity

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Healthcare & Life Sciences Growth Equity (FSANACAB)

akta.pro secondary industry

Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)

Keywords

• Private equity investing
• Healthcare investment fund
• Value-based care
• Healthcare services investment
• Portfolio company management

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Private Equity Fund Management: As a registered investment adviser, Chicago Pacific Founders manages private equity funds that invest in healthcare companies. Revenue is generated through management fees and carried interest from portfolio company exits.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Chicago Pacific Founders is a healthcare-focused private equity firm that manages investment funds dedicated to building, scaling, and operating healthcare services and technology companies. The firm raises capital from qualified investors, deploys it as control or growth equity into portfolio companies across Care Model Innovation, Medical Specialties, AI & Tech-enabled Services, and Healthcare Real Estate, and provides operator-led support to grow those businesses. Revenue is generated through management fees on funds under management and carried interest from portfolio company exits.

Product overview

Chicago Pacific Founders is a healthcare-focused private equity investment firm that manages more than three million lives across value-based care. The firm invests through a thesis-driven, AI-supported strategy in areas including care model innovation, medical specialties, AI & tech-enabled services, and healthcare real estate. The firm does not offer standalone software products or services; rather, it provides investment capital, operational expertise, and strategic guidance to portfolio companies operating in the healthcare sector. Portfolio companies include dermatology networks (Pinnacle Dermatology), home-based specialty care (WellBe Senior Medical), health benefits/fintech (Nexben), healthcare coordination platforms (Attune), and various other healthcare service providers.

Differentiator

Problem solved

Functional benefit

Products and services

• Care Model Innovation Fund Vertical Private equity investment vertical focused on partnering with experienced operators in healthcare markets ripe for value-based care adoption. Targets founders and operators building care delivery models that improve outcomes while lowering costs.
• Medical Specialties Fund Vertical Private equity investment vertical focused on building platforms in healthcare specialty markets including dermatology, spine surgery, dental care, and veterinary services to meet increasing specialty demand.
• AI & Tech-enabled Services Fund Vertical Private equity investment vertical focused on investing in cutting-edge technologies and businesses that apply AI and data analytics to drive value in healthcare delivery and operations.
• Healthcare Real Estate Fund Vertical (CPF Living) Private equity investment vertical focused on senior housing operators and property management companies serving the growing senior population, executed via the CPF Living platform operating 47 communities across 16 states.
• Private Equity Fund Management Services Registered investment adviser services managing private equity funds that invest in healthcare companies, generating revenue through management fees and carried interest from portfolio company exits. Fund investment is available only to qualified investors via private placement memoranda.

Quantifiable outcome

• Over 90% occupancy rates across CPF Living properties, outperforming industry by over 10%
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• UCSF Rosenman InstituteminorStrategic or Co-development PartnerPartnership connecting startups with leading healthcare companies to scale solutions nationwide.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Welsh, Carson, Anderson & Stowe: One of the most established healthcare-focused PE firms in the US, investing across healthcare services, providers, and technology — directly comparable to CPF in sector specialization, fund size, and operator-led value creation model.
• New Mountain Capital: Growth-oriented PE firm with a major healthcare services franchise and operating partner model; closely comparable to CPF in thesis-driven approach, healthcare services focus, and emphasis on value-based care and care delivery innovation.
• Frazier Healthcare Partners: Dedicated healthcare PE firm investing across services, pharma, and medical devices with strong West Coast presence; comparable to CPF in exclusive healthcare focus, growth-stage orientation, and life sciences/services dual mandate.
• Linden Capital Partners: Healthcare-focused middle-market PE firm based in Chicago; directly comparable to CPF in sector specialization, middle-market healthcare services focus, and Chicago-based operating model.
• Avista Capital Partners: Healthcare-dedicated PE firm investing in pharma, medical devices, and healthcare services; comparable to CPF in healthcare-only thesis and growth-stage healthcare services focus.

Broad incumbents

• General Atlantic: Large global growth equity firm with a dedicated healthcare and life sciences practice; comparable to CPF in growth-stage healthcare investing, but operates at much larger scale and across broader sectors beyond healthcare.
• Bain Capital (Healthcare): Global PE giant with substantial dedicated healthcare practice across services, biopharma, and devices; comparable in healthcare services investing capability but operates at mega-fund scale well above CPF.
• Warburg Pincus (Healthcare): Global growth equity investor with long-standing healthcare services and technology franchise; comparable to CPF in growth-oriented healthcare investing but with broader sector mandate and larger fund sizes.
• TPG Capital (TPG Healthcare): Major alternative asset manager with dedicated healthcare strategy across services, pharma, and digital health; overlaps with CPF in healthcare services investing but TPG operates at vastly larger scale and broader mandate.
• KKR Health Care Strategic Growth: KKR's growth equity healthcare strategy invests in healthcare services, life sciences, and tech-enabled care; comparable to CPF's growth-stage, tech-enabled healthcare thesis but at mega-fund scale with broader geographic reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks4 records

Key highlights6 records

Customer concentration

• Xx.com/ChicagoPacific
• LinkedInlinkedin.com/company/chicago-pacific-founders

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments10 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chicago Pacific Founders