Seniors Housing Weekly Update - Aging2.0 Meets Ziegler LinkAge Longevity Fund

July 15, 2014

 

July 15, 2014. 60 Seconds with Steve Monroe. With $26.62 million to invest, a new fund has been formed to invest in new technologies to help the senior living population.....

Aging2.0 Meets Ziegler LinkAge Longevity Fund

Is there new competition for Aging2.0 and its Generator Ventures business? I hope you have been watching my interviews with the founders of several technology start-ups featured at the Aging2.0 Conference in May that hope to have a major impact on the senior living market. Now, the investment banking firm Ziegler has linked up with venture firm Link*Age Ventures and formed the Ziegler Link*Age Longevity Fund, with total capital commitments for the first close of $26.62 million. What is different is that the initial investor group is made up of 70 not-for-profit providers plus some additional strategic investors. The key investment themes will include things such as aging in place, coordination of care, chronic disease management, reduction of hospitalizations and readmissions and disease prevention and wellness strategies. The General Partner of the fund is a 50-50 joint venture between Ziegler and Link*Age, and they plan to use their industry knowledge to help the companies they invest in. All I can say is, it’s about time that there is some excitement in technology and senior care. Let the ideas start to flow.  

 

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