Oak HC/FT closes debut fund on $500 mln


Oak HC/FT, formed by three partners from Oak Investment Partners, has closed its debut venture growth fund on $500 million. The fund will target investments in healthcare information and services and financial services technology.

Fund I closed in June. It is led by Ann Lamont, Andrew Adams and Patricia Kemp and is part of Oak Investment Partners’ strategy to develop sector-specific funds, according to a statement from the firm. The exact relationship between Oak Investment Partners and Oak HC/FT is not clear.

“Global technology innovations, cost pressures and regulatory changes are creating unprecedented opportunities in the healthcare and fintech sectors,” Lamont said in a statement.

The new fund’s founders are expected to retain their responsibilities at Oak Investment Partners, peHUB reported in a past article. Lamont is an Oak managing partner who leads the firm’s healthcare and financial services technology teams; Adams is an Oak general partner who focuses on healthcare and fintech and Kemp is an Oak venture partner focused on financial services technology.

Other professionals at Oak HC/FT include David Black, technology partner; Nancy Brown, venture partner, who joined this year from McKesson Technology Solutions, where she worked as a vice president of strategy and business development; Anil Aggarwal, venture partner, who joined this year after co-founding financial innovators event Money2020 and working as global head of business development at Google Wallet; Jonathan Weiner, venture partner who joined this year after co-founding Money2020 and working as head of global business development for Google Wallet and Payments, and Vignesh Chandramouli, senior associate.

Photo courtesy of Shutterstock.

After two successful conferences on the East Coast, we’re bringing our LPs and fund managers to San Francisco for the first annual Emerging Manager Connect West on May 11. Don’t miss out on insightful panels and great networking! Click HERE

Sign up to our Newsletter

Receive updates from our PE HUB Wire and Top Stories of the Week newsletters:

We will not send you spam, and we don't share your email address with 3rd parties.