Investment Summary

First Trust Capital Partners and Goldman Sachs Asset Management Invest In CareAcademy

On June 8, 2022, growth capital firm First Trust Capital Partners and Goldman Sachs Asset Management invested in education company CareAcademy

Investment Highlights
  • This is First Trust Capital Partners’ 2nd and Goldman Sachs Asset Management’s 1st transaction in the Education sector.
  • This is First Trust Capital Partners’ 21st and Goldman Sachs Asset Management’s 10th transaction in the United States.
  • This is First Trust Capital Partners’ 1st and Goldman Sachs Asset Management’s 1st transaction in Massachusetts.

Investment Summary

Date 2022-06-08
Target CareAcademy
Sector Education
Investor(s) First Trust Capital Partners
Goldman Sachs Asset Management
Deal Type Venture

Target

CareAcademy

Boston, Massachusetts, United States
CareAcademy provides high-quality, state-approved training for home care agencies, home health agencies, franchise systems, and payors that increases learner knowledge for better health outcomes. With easy-to-use, web-based courses and a robust administrator platform, it offers education and compliance solutions for home care and home health organizations of all sizes, from small agencies to multi-state enterprises. CareAcademy is based in Boston, Massachusetts.

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Investor(S) 2

DESCRIPTION

First Trust Capital Partners is a private investment firm that looks to invest in early and growth stage companies principally in the financial services and healthcare technology sectors. First Trust Capital Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 21 of 24
Sector (Education) 2 of 2
Type (Venture) 14 of 16
State (Massachusetts) 1 of 2
Country (United States) 21 of 24
Year (2022) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 ID Connect

Cranberry Township, Pennsylvania, United States

ID Connect is a telemedicine-enabled care of infectious diseases, antimicrobial stewardship, and infection control and prevention. The company’s technology, precision medicine and data science are paired with ID physicians to effectively manage infectious diseases across the U.S. ID Connect was founded in 2013 and is based in Cranberry Township, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-06 First Trust Direct Indexing

Boston, Massachusetts, United States

First Trust Direct Indexing provides direct indexing technology that offers institutional investors and wealth advisors the ability to personalize investment strategies to align with the values of contemporary investors as well as the potential to capture substantial tax benefits. First Trust Direct Indexing provides one key service: direct indexing to help institutions and wealth management firms achieve long terms goals for their investors. First Trust Direct Indexing was founded in 2018 and is based in Boston, Massachusetts.

Buy -
Investor

Goldman Sachs Asset Management

New York, New York, United States

Category Company
Sector Financial Services
DESCRIPTION

Goldman Sachs Asset Management (dba GSAM) is the asset management arm of The Goldman Sachs Group. GSAM offers advisory services to individuals and institutional clients around the world from offices in the US, Europe, and Asia.


DEAL STATS #
Overall 12 of 18
Sector (Education) 1 of 1
Type (Venture) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 10 of 15
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-29 NextCapital

Chicago, Illinois, United States

NextCapital is an enterprise digital advice company that provides financial solutions to the market in an effort to help everyone retire successfully. The company partners with financial institutions to deliver configurable solutions tailored to the needs of investors and the goals of partners. It works with partners to personalize planning and managed accounts, customize methodology and fiduciary roles, and in some instances serve as the 3(38) investment managers for discretionary, plan participant advice. Their clients include asset managers and plan sponsors across the United States as well as partnerships with recordkeepers. NextCapital is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 Sani/Ikos Group

Halkidiki, Greece

Sani/Ikos Group is an operator of a luxury beach resort group that currently owns and operates in excess of 2,700 rooms spread across 10 unique resorts in Greece and Spain. Sani/Ikos Group is based in Halkidiki, Greece.

Sell -