Patient Square Capital, a dedicated health care investment firm, announced that Adam Fliss (pictured) has joined the firm as a Founding Partner and General Counsel. The addition of Fliss, who is deeply experienced in law, private equity and health care, will help advance Patient Square’s goal of investing in and partnering with great companies that improve patient lives. Mr. Fliss will become the third Founding Partner of Patient Square, joining Jim Momtazee, Managing Partner, and Maria Walker, Founding Partner and Chief Financial Officer.
Prior to Patient Square, Mr. Fliss was the General Counsel of TPG Capital, the private equity platform of alternative asset firm TPG. During his tenure at TPG, Fliss was involved in hundreds of private equity transactions across all aspects of health care and other sectors, including technology, software and digital media. He also was active in portfolio company value creation, government affairs, compliance and investor relations, and served as a senior leader in the larger TPG enterprise. Prior to TPG, he was an associate in the private equity group at Ropes & Gray.
“The size and complexity of the health care industry creates a need for an investment firm focused exclusively on health care and capable of investing capital in significant scale,” said Mr. Momtazee. “Adam’s legal background and judgment, deep transactional and health care experience and entrepreneurial mindset will help us to build Patient Square Capital and partner with world-class companies and management teams. We anticipate adding additional Founding Partners with deep health care and transactional experience in the coming months.””Jim is one of the most experienced and well-respected investors in health care,” said Mr. Fliss. “From our first conversation we were aligned on the benefits of specialization and scale in an industry as large and complex as health care. I am honored to be joining Maria and him in building Patient Square Capital.”