NEWS AND INSIGHTS FROM FINTRX
As various industries continue to gain traction from family offices, we shine a light on the alternative wealth space by providing a detailed analysis of the past investment history of these private wealth groups. In utilizing the FINTRX Family Office & Registered Investment Advisor Data platform, which provides intel into thousands of direct deal transactions made by 3,000+ family offices worldwide, we have uncovered three family offices investing in the healthcare & biotechnology industries.
Founded in 2016, Wasson Enterprise is a Chicago, IL-based single-family office managing the wealth of Gregory Wasson and his family. Wasson accumulated his wealth via an extensive career with Walgreens, where he served as CEO from 2009 to 2014. After retiring, Wasson formed 'Wasson Enterprise' to serve as the family's private investment vehicle. The firm actively seeks to invest in businesses with purposeful missions across a range of industries, including healthcare, technology, biotechnology, education, real estate, food and beverage, and many others.
In March 2017, the firm made a direct investment in Sterilis Solutions, a medical waste remediation company founded in 2011. With headquarters in Boxborough, MA, Sterilis manufactures a ready-access remediation device that turns regulated medical waste (including COVID-19) into harmless, standard waste.
In December 2019, Wasson directly invested in Innovation, a privately held Pharmacy Automation Technology company headquartered in Johnson City, NY. With over 1,500 systems installed worldwide, its pharmacy automation solutions work nonstop in market segments across the board, from retail chains and independent pharmacies to hospitals and the Department of Defense. Wasson makes majority and minority investments in its portfolio companies and actively co-invests alongside other like-minded family offices. The group takes a firm stance on impact investing and ensures every allocation is socially responsible.
Established in 2009, Massa Investment Group is a Miami, FL-based single-family office managing the wealth of its founder, Mathieu Massa. Born in France, Massa inherited much of his wealth from his family, who were prominent entrepreneurs in the French wine, real estate, automotive, and horse breeding industries. In the early 2000s, Mathieu Massa expanded his family's business interests to the United States, capitalizing on the real estate crisis of 2008. Since its inception, Massa Investment Group has expanded its reach from Florida and the US to include investment opportunities in France. The firm specializes in real estate development and hospitality and targets opportunities across the healthcare, biotechnology, food & beverage industries.
In June 2019, Massa Investment Group made a direct investment in MODAG, a privately-held German biotech company revolutionizing the field of neurodegenerative disease treatment. With headquarters in Mountain View, CA, MODAG’s approach offers a unique combination of early diagnosis and targeted disease-modifying therapies for severe neurological disorders.
Founded in 2014, BPO Capital is a Hamburg, Germany-based single-family office serving as the direct investment arm of its founder Benjamin Otto. As the subsidiary of the Otto Group, BPO Capital places greater emphasis on technology startups and actively seeks to invest in pioneering industries, such as blockchain and crowdsourcing. The firm actively seeks to invest in companies that address the trend of the sharing economy. In October 2018, BPO Capital made a direct investment in Protembis, an Aachen, Germany-based medical device startup established with a vision to reduce the risk of cerebrovascular events, improving outcomes and making TAVR even safer—especially in light of TAVR shifting to younger and lower-risk patients.
In December 2019, BPO Capital made a direct investment in Immunservice GmbH, a Hamburg, Germany-based company developing biological drugs that activate the body's immune system to eliminate cancer and viral infections. Focusing primarily on kidney cancer and melanoma, Immunservice develops particularly well-tolerated therapy methods to preserve the quality of life for patients during therapy. BPO Capital is an impact investor and will co-invest alongside other early-stage investors, where applicable.
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FINTRX provides comprehensive data intelligence on 850,000+ family office & investment advisor records, each designed to help you identify, access, and map the private wealth ecosystem. Explore in-depth dossiers on each family office & investment advisor. Access AUM, source of wealth, investment criteria, previous investment history, sectors & industries of interest, and advisor growth signals, among other key data points.
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November 24, 2020
Renae Hatcher is a member of the marketing team at FINTRX - focused on delivering targeted & relevant family office and registered investment advisor content to our subscribers.