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CARET
CARET is the La Jolla-based single-family office of Mike Risman, investing in real estate, private equity, and venture capital with a healthcare focus.
CARET
CARET was founded by Mike Risman as a single-family office based in La Jolla, California. Risman, a former entrepreneur, built wealth through founding and selling healthcare ventures including CarePoint Partners, a hospice and home health services provider acquired in 2012 (per The Wall Street Journal, 2012). The office manages the family's multi-asset portfolio. The firm invests across real estate, private equity, and venture capital. In real estate, CARET focuses on commercial and residential properties primarily in Southern California. In private equity and venture, the firm targets healthcare services, digital health, and technology companies at growth and later stages. Known investments include a stake in the La Jolla-based biotech firm Orexo AB. CARET operates with a lean team and no public AUM figure. The office maintains a local focus in San Diego County but selectively invests nationally. Risman also runs the Risman Family Foundation, a philanthropic vehicle supporting medical research and education. No public disclosures of fund vehicles or co-investment programs exist. CARET functions as a traditional single-family office with a hands-on investment approach rooted in the principal's operating experience. Unlike multi-family offices, the firm does not solicit external capital and structures deals as direct investments without third-party fund commitments. Its governance is highly concentrated around Risman's decision-making.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
La Jolla
Corporate office
La Jolla, CA, United States
Principals
Mike Risman
Founder & Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at CARET?
Mike Risman, founder and managing partner, makes all investment decisions. He previously founded healthcare companies CarePoint Partners and HomeChoice Partners, giving him operating experience in the sectors CARET targets.
How does CARET source proprietary deal flow?
CARET relies on Risman's network from his healthcare entrepreneurial career and real estate relationships in Southern California. The firm does not publicly disclose formal sourcing channels or a dedicated deal-sourcing team.
Is CARET structured as a single family office or does it operate more like a venture firm?
CARET is a single-family office. It manages the Risman family's capital exclusively and does not raise external funds. Its investment activities resemble a venture or private equity style but without third-party limited partners.
Does CARET participate in fund commitments or only direct deals?
Based on public information, CARET primarily makes direct investments in real estate, private equity, and venture capital. There is no evidence of commitments to external fund vehicles.
What investment stages does CARET typically target?
CARET targets growth and later-stage companies, plus direct real estate investments. The firm has not disclosed early-stage venture activity.
Which sectors does CARET explicitly focus on?
CARET focuses on healthcare services, digital health, and technology. The firm also invests in commercial and residential real estate, primarily in Southern California.
Does CARET maintain philanthropic structures, and how are they separated?
Yes, Mike Risman operates the Risman Family Foundation, which supports medical research and education. The foundation is legally separate from CARET, though both share a common founder.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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