GoldPoint backs Spectrum Vision Partners

3/7/18

Spectrum Vision Partners has announced a substantial equity investment by leading investment firms GoldPoint Partners LLC, GCM Grosvenor and Hamilton Lane. GCM Grosvenor and Hamilton Lane invested on behalf of the New York State Common Retirement Fund. The new investors are co-investing alongside Blue Sea Capital, SVP’s existing lead private equity partner.

Spectrum Vision Partners is a leading management services organization serving the ophthalmology sector. SVP administratively supports the growth of some of the leading ophthalmology practices and ambulatory surgery centers in the Tri-state region, including Ophthalmic Consultants of Long Island, Island Eye Surgicenter, Ophthalmic Consultants of Connecticut, and New Vision Cataract Center.

Tom Burke, CEO of SVP, commented, “We are excited to welcome these world-class investors to the Spectrum family. We have ambitious plans for rapid growth through strategic affiliations and acquisitions throughout the Tri-State region, and these new institutions provide additional firepower for us to aggressively execute on our strategy.”

J.R. Davis, Managing Partner of Blue Sea, added, “GoldPoint, GCM Grosvenor and Hamilton Lane are long-term investors in Blue Sea, and we value our relationship with each of them. We are delighted that they have chosen to co-invest alongside us in SVP, further enhancing Spectrum’s leading position in the Tri-State region, and enhancing our ability to affiliate with other like-minded leaders in ophthalmology.”

Spectrum also recently welcomed Justin Kuperberg in the newly created role of Chief Development Officer to drive strategic affiliations throughout the Tri-state area. Justin joined SVP from 13 years of experience at Advanced Dermatology and Cosmetic Surgery, where he helped drive a similar business development program to grow ADCS from a family-owned business to the largest dermatology group in the country.

About Spectrum Vision Partners

Spectrum Vision Partners is a leading management services organization serving the ophthalmology sector. Spectrum Vision Partners has over 400 employees providing world-class practice management solutions to a network of nationally renowned multi-specialty ophthalmologists in the Tri-State region. Spectrum Vision Partners provides a comprehensive set of business support functions, including billing and collections, marketing, financial and accounting services, benefits and payroll management and information technology.

About Ophthalmic Consultants of Long Island

Founded in 1997, Ophthalmic Consultants of Long Island (http://www.ocli.net) is one of the leading ophthalmology practices in the United States. OCLI boasts 15 state-of-the-art medical facilities across Nassau and Suffolk counties, housing the most advanced technology available to offer patients a variety of ophthalmic services and treatments. OCLI is led by 33 highly skilled eye surgeons in each major sub-specialty of eye care, providing comprehensive eye care services, including treatment for cataracts, corneal disease, refractive surgery, glaucoma, oculoplastics, retinal disease, neuro ophthalmology and optometry.

About GoldPoint Partners

GoldPoint Partners currently manages $12 billion of private equity assets, comprised of equity co-investments, mezzanine investments, and limited partnership investments in alternative investment funds. GoldPoint manages these assets on behalf of pension funds, financial institutions and high net worth investors around the world, as well as for New York Life Insurance Company. For more information, please visit http://www.goldpointpartners.com.

About GCM Grosvenor

GCM Grosvenor is a global alternative asset management firm with approximately $50 billion managed in hedge fund strategies, private equity, infrastructure, real estate and multi-asset class solutions. It has offered alternative investment solutions since 1971; today, it is one of the largest, most diversified independent alternative asset management firms worldwide. GCM Grosvenor is headquartered in Chicago, with offices in New York, Los Angeles, London, Tokyo, Hong Kong and Seoul, serving a global client base of institutional and high net worth investors. For more information, visit http://www.gcmgrosvenor.com.

About Hamilton Lane

Hamilton Lane (NASDAQ: HLNE) is a leading alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. Dedicated to private markets investing for 26 years, the firm currently employs approximately 340 professionals operating in offices throughout the U.S., Europe, Asia-Pacific, Latin America and the Middle East. With approximately $424 billion in total assets under management and supervision as of December 31, 2017, Hamilton Lane offers a full range of investment products and services that enable clients to participate in the private markets asset class on a global and customized basis.

About New York State Common Retirement Fund

The New York State Common Retirement Fund (NYSCRF) is the third largest public pension plan in the nation with an audited value of $192.4 billion in assets held in trust for the retirement security of the more than one million members of the New York State and Local Retirement Systems (NYSLRS). As a long-term investor, NYSCRF has an investment approach which capitalizes on market opportunities and weathers market ups and downs. NYSCRF is widely regarded as one of the nation’s best-managed and best-funded pension plans.

About Blue Sea Capital

Blue Sea Capital (http://www.blueseacapital.com) is a private equity firm based in West Palm Beach, Florida, that invests in growth-oriented lower middle market companies valued up to $200 million. The firm has $327 million in assets under management and invests across three industry verticals: aerospace & defense, healthcare and industrial growth. Blue Sea Capital’s strategy is to partner with talented managers and differentiated companies, typically as the first or second institutional investor, and deliver strategic and operational value-add that drives growth acceleration, industry outperformance and business transformation.

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