WESTBURY, N.Y.—Spectrum Vision Partners
(SVP) has received a “substantial equity investment” from the investment firms GoldPoint Partners LLC
(GoldPoint), GCM Grosvenor
and Hamilton Lane
, according to an announcement late last week. 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 Capita
l, SVP’s existing lead private equity partner.Spectrum Vision Partners, a management services organization serving the ophthalmology sector in the Tri-State region, has been active in the consolidation of ambulatory surgery centers and eyecare practices, primarily ophthalmology-led facilities.
Among its recent partnerships are transactions actions with including Ophthalmic Consultants of Long Island (OCLI) [reported
], Island Eye Surgicenter, Ophthalmic Consultants of Connecticut and New Vision Cataract Center, as VMAIL reported
SVP chief executive officer Tom Burke said in the announcement that the firm is “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.”
“GoldPoint, GCM Grosvenor and Hamilton Lane are long-term investors in Blue Sea, and we value our relationship with each of them,” J.R. Davis, a Blue Sea managing partner, added in the announcement. “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.”
Separately, SVP announced that Justin Kuperberg had recently joined the company in the newly created role of chief development officer, with responsibility to drive strategic affiliations throughout the Tri-State area. Kuperberg spent 13 years at Advanced Dermatology and Cosmetic Surgery (ADCS), 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.