• Acquisition of 23.5% strategic equity stake in 1315 Capital, a leading healthcare-focused private equity firm
• Transaction consideration of up to USD 70.5 million, funded from existing resources
• Investment expected to generate attractive cash flow and diversification benefits for NGI

Navigator Global Investments (NGI) has announced a strategic investment in 1315 Capital, a leading healthcare-focused private equity firm. NGI will acquire a 23.5% strategic equity stake in 1315 Capital, including a minority interest in certain carried interest, for a total maximum consideration of USD 70.5 million, of which USD 27.5 million is deferred and subject to performance criteria. The investment will be funded from NGI's existing financial resources and is expected to provide diversification benefits and generate attractive cash flow for NGI over time as 1315 Capital raises future funds and realizes its existing portfolio. 1315 Capital is an established firm with proven expertise in the healthcare sector, a strong institutional investor base, and a high-quality earnings profile with a positive growth outlook.The minority investment from NGI will have no impact on the day-to-day management or operations of 1315 Capital, and the firm's investment and decision-making processes will remain unchanged. Various minority protections have been agreed, with a focus on aligning interests between the two firms.NGI believes the investment in 1315 Capital aligns with its growth strategy and will contribute to long-term shareholder value creation. The partnership provides NGI exposure to an attractive sector of the economy and private equity asset class, as well as a scaled, growing business with resources in place to execute on its plan and deliver continued strong investment results.

NGI expects the investment in 1315 Capital to generate attractive cash flow over time as future funds are raised and the existing portfolio is realized. However, no specific financial metrics or timeframes have been provided.

The announcement highlights the compelling rationale and strong outlook for the 1315 Capital partnership, including the firm's leadership position in an attractive sector, scaled yet growing business, diversification benefits, and alignment with a proven, partnership-oriented team. However, no further details on NGI's broader outlook have been provided.