Mike Mortimer is Co-Founder and Managing Partner of GHO Capital, Europe's leading specialist investor in healthcare. Founded in 2014 with partners Alan MacKay and Andrea Ponti, GHO has grown from a first time fund of €660 million to a fourth fund of €2.5 billion, with €9 billion in AUM and a team of 75+ professionals spanning biopharma, medtech, health tech and life science tools. Scott and Mike go back to GHO's debut fundraise, making this a particularly candid conversation about what it really takes to build a specialist firm that endures. In this episode, Mike traces the founding vision behind GHO, built on the conviction that healthcare was a global endeavour being served by firms thinking locally. We explore how GHO navigated a global pandemic, the current wave of regulatory and geopolitical uncertainty, and why Mike believes sustained profitable growth is the only strategy that holds up regardless of what the market throws at you. Mike also shares a remarkably honest take on people decisions, succession planning and what he would tell his fund one self today. Key themes from this conversation: Why GHO saw a global opportunity others were missing in 2014How the pandemic tested and ultimately validated their investment philosophyThe role of technical expertise and deep networks in winning founder trustBuilding a we culture not a me culture across 18 nationalitiesWhy GHO deliberately stays in the mid market and sells to the big guys rather than competing with themSuccession planning done right, transparency with LPs and building a firm that outlives its foundersThe people decision Mike wishes he had made faster RedeCast Legal Disclaimer The information discussed in this podcast is for general information purposes only and does not constitute financial advice, investment recommendation, invitation or inducement to engage in investment activity or an offer to buy or sell any financial product. The views expressed are those of the speakers as at the time of the recording and do not necessarily reflect those of Rede Partners or the firm employing the guest speaker (Guest) or any of their respective affiliates. The information discussed, including any forward-looking statements, should not be relied upon for any purpose and listeners should seek independent professional advice before making any investment decisions. References to specific companies or products are for illustrative purposes only and do not constitute an endorsement or recommendation. None of the content should be copied, distributed or reproduced. Past performance, where indicated, is not a guarantee or reliable indicator of future results. Any references to past performance, track records, or investment returns are for illustrative purposes only. Actual results may differ materially from any projections, estimates, or implied performance discussed. Rede Partners is engaged by its clients to market their funds and the firm employing the Guest and/or its affiliates is or has been a client of Rede. In the U.S. Rede Partners operates through its wholly owned subsidiary, Rede Partners Americas LLC, which is a registered broker-dealer with the Securities and Exchange Commission and a member of the Financial Industry Regulatory Authority, Inc. Rede is not a current advisory client or fund investor of its client funds, although its partners and employees themselves invest in client funds via a pooled vehicle established for such purpose which may have negotiated beneficial economic terms in connection therewith (e.g., reduced or no management fees and/or carried interest). For providing its services, Rede is entitled to cash compensation paid by the client rather than the client fund. Rede has a significant economic incentive to solicit investors to commit capital to their clients’ funds, resulting in a material conflict of interest on its part. No compensation has been received by Rede Partners in connection with the Guest’s participation in this recording and the views discussed herein do not constitute an endorsement or testimonial of Guest, its employer or its private funds. The information contained in the Podcast is believed to be accurate as of the date of publication and will not be updated or supplemented to reflect subsequent events.
