HEAL Partners

What HEAL Partners does

HEAL Partners is a Sydney-based private equity growth fund manager founded in 2020, focused on early to mid-stage investments across Healthcare, Education, and related Lifestyle sectors. The firm operates two funds: Fund I, which closed at A$200 million (double its A$100 million initial target), and Fund II, targeting US$350–500 million with an anchor commitment from Elliott Investment Management. Fund II reached a second close at approximately A$200 million in October 2024. HEAL invests in revenue-generating growth businesses with potential for global scale or industry disruption, pursuing opportunities in technology-enabled healthcare and education, demographics-driven specialty services, and the "retailisation" of professional services.

The portfolio comprises approximately ten operating companies across multi-site childcare (Edge Early Learning), specialty healthcare services (Removery for laser tattoo removal at 150+ global locations, The Fertility Partners as Canada's largest IVF clinic network), digital health (Halodoc's Indonesian telehealth platform, Us2.ai's AI echocardiogram analysis, T-shirt Ventures for NDIS disability services), education services (Higher Ground Education operating 69 Montessori schools across 14 US states, Crimson Education's admissions consulting and Crimson Global Academy online school, Edstart's education fee payment platform), and injury recovery (Navigator Group). Investment activity includes both new positions and material follow-ons—Removery has received US$62 million+ in combined commitments across both funds.

Revenue is generated through traditional private equity fund management economics—management fees on committed/invested capital and carried interest on realizations. Deal flow is sourced through a relationship-driven model leveraging the Investment Committee (Partners Peter Chapman, James McBeath, Mark Evans, Chris Chambers, Martin Dalgleish, Chris Vossen) and Strategic Advisory Committee (Chris Rex, Cathie Reid AM, Stuart Giles, Rod Jones, Dr. Andrew Meikle, Jonathan Sudharta, Dr. Jeremy Lim, Sandy Beard, Rikki Bannan), whose members collectively created over $21 billion in shareholder value. Geographic reach spans Australia, North America, Southeast Asia (Indonesia, Singapore), and broader Asia-Pacific (New Zealand, China). The firm is a Corporate Authorised Representative of Asia Principal Capital Operations Pty Ltd (AFSL:468046).

Name

HEAL Partners

Legal name

HEAL Partners Management Pty Ltd

Website

https://healpartners.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

HEAL Partners is a Sydney-based private equity growth fund manager founded in 2020, investing across Healthcare, Education, and Lifestyle sectors. It manages two funds totaling A$400M+ AUM, backing approximately ten portfolio companies spanning childcare, specialty healthcare, AI diagnostics, and digital education.

Ownership category

akta.pro rank

Product category

Private Equity Fund Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

Impact Investment & Development Investment Funds (BPADACAO)

akta.pro secondary industry

Transition / Engagement & Stewardship Funds (FSANAJAO)

Keywords

• Private equity fund
• Growth capital investments
• Healthcare investments
• Education sector investing
• Lifestyle sector investing

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Private Equity Fund Management: HEAL Partners operates as a private equity growth fund, generating revenue through management fees and carried interest on funds under management. Fund I closed at A$200 million, Fund II targets US$350–500 million (targeting A$400M+). The fund invests in revenue-generating growth businesses with potential for global scale in healthcare, education, and lifestyle sectors, creating value through active partnership and operational involvement with portfolio companies.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

HEAL Partners operates as a private equity growth fund manager that invests in early to mid-stage revenue-generating businesses in the Health, Education and Lifestyle sectors. The firm deploys capital across multiple funds (Fund I closed at A$200M; Fund II targeting US$350-500M) into operating companies, providing operational, strategic, and financial support as an active partner while pursuing scale replication and 'retailisation' opportunities.

Product overview

HEAL Partners is a private equity growth fund, not a technology product company. The firm operates two investment funds (HEAL Fund I and Fund II) focused on healthcare, education, and lifestyle sectors. The investment products consist of the funds themselves and their portfolio company holdings, which include Edge Early Learning (childcare), Removery (tattoo removal), The Fertility Partners (IVF clinics), Halodoc (healthtech platform), Higher Ground Education (Montessori schools), Crimson Education (admissions consulting/online school), Edstart (education payments), Us2.ai (cardiac AI), Navigator Group (injury recovery), and T-shirt Ventures (NDIS healthtech). The firm does not offer a unified platform product; rather, it manages investment capital into operating companies across these sectors.

Differentiator

Problem solved

Functional benefit

Brands

• HEAL Fund I: First fund launched in August 2020, closed at A$200 million focusing on Health, Education and Lifestyle sectors
• HEAL Fund II

Products and services

• HEAL Fund I A growth private equity fund investing in early to mid-stage revenue-generating businesses in the Health, Education and Lifestyle sectors. Fund I closed at A$200 million (double its initial A$100 million target).
• HEAL Fund II A US$350-500 million growth and follow-on private equity fund targeting healthcare and education sector investments, backed by an anchor commitment from Elliott Investment Management. Fund II focuses on late-stage growth and follow-on investments with a portfolio of approximately eight investments.

Quantifiable outcome

• Fund I created and committed over A$170M across nine investments from its A$200M close
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Asia Principal Capital (APC)coreStrategic or Co-development PartnerAsia Principal Capital co-founded HEAL Partners alongside Normanby Capital and Martin Robinson. APC principals (Peter Chapman, Martin Dalgleish) serve on HEAL's Investment Committee. APC also led the fundraising for The Fertility Partners and advises HEAL portfolio companies.
• Normanby CapitalcoreStrategic or Co-development PartnerNormanby Capital co-founded HEAL Partners. Principals Mark Evans and Chris Chambers serve on HEAL's Investment Committee. Normanby is a founding partner of multiple HEAL portfolio companies including Edge Early Learning, Removery, and The Fertility Partners.
• United Nations-supported Principles for Responsible Investment (PRI)coreOthersHEAL Partners is a signatory to the PRI, committing to integrate environmental, social, and governance (ESG) considerations into its investment practices. HEAL partners with portfolio businesses to foster positive change and promote long-term sustainability.
• Centennial Property Group (CPG)minorStrategic or Co-development PartnerProperty partner for Edge Early Learning; supported fundraising and capital re-organisation alongside HEAL Partners. Phil Latham (Senior Partner at Navis Capital, former Chairman of Guardian Early Learning Group) joined the Edge board as CPG representative.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments13 records

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

Frequently asked questions about HEAL Partners