Martis Capital Thoughts
Have an interview in the near future with this fund.
Hoping someone would be able to provide feedback on returns, culture, etc.
TIA
Have an interview in the near future with this fund.
Hoping someone would be able to provide feedback on returns, culture, etc.
TIA
Career Resources
Not intimate with the details surrounding returns or comp, but have heard a lot of good things about the fund. Tend to be on the forefront of HC trends and are setting themselves up nicely for the future. Seem like a good group of people and from I've heard, have done well. They just raised their fourth fund at $779M, up from $545M in fund three. Currently based in SF but I wonder if that changes in the future. From an outsiders perspective, I'd say it seems like a good spot.
Thank you, that’s helpful.
Bumping here too.
Can I PM you regarding your interview?
Sure if you post with your username
Hey, starting a process with them soon. Was wondering if I could PM you, know this is 2 years old but don't see any other recent posts. Woudl really appreciate some insights.
Seemingly nice people from the few times I've spoken to them. Should do your diligence on returns, hours, etc. by speaking to current/former employees and looking at portco hold periods.
Know someone there in DC office. Good returns and culture, hard working. Opened a Miami office ~2 years ago - think just a couple people there. SF and DC are main offices
You do not want to be in healthcare services right now unless you are at a more established fund that actually has a differentiation.
Not super familiar with Martis but know a lot of people at other HC funds.
Can you expand on that? Also seems like Martis as a healthcare focused PE firm who's on their 4th fund would qualify no? From outside looking in
Overall I am very bearish on generic PPM / reiumbursed services as a go forward PE strategy. I think the HC funds that will succeed will be the ones that have invested heavily in other verticals within HC such as HCIT, cost containments etc. I think the funds whose core bread and butter is just simple reimbursed services (and own a lot of PPMs etc) are going to have a much tougher time going forward.
Just my two cents.
A piece of advice is always make sure you talk to as many associates at the firm you are interviewing at. A lot of the times the mid levels run recruiting but you should also ask to speak to some associates as they will be more truthful about what your experience will be like.
Rumor is that very few people showed up to their AGM this year. Not a firm that will last long and I'd steer very, very clear.
My PE firm hasn't had an in-person AGM for 3 years lol. Leadership says it's better to do virtual since we have some international LPs. Assume this is a red flag / we won't be able to raise a new fund...
I wouldn't necessarily think that but it's quite silly to say that you're going to perpetually host virtual AGMs due to international LPs. LPs know that they have to attend AGMs and while every other year is reasonable, doing straight up virtual is just lazy.
LPs enjoy meeting other LPs most and for them, it's a great opportunity to meet your broader team and also fold in other onsite / due diligence meetings in whichver city you're in or in the US in general. That's wild that your leadership is pushing the international angle for virtual AGMs.
Can you share more? Have interviews here and this has me nervous.
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