# PACE Healthcare Capital

PACE Healthcare Capital is a Private Equity based in Chicago, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Founded:** 2020
- **Assets under management:** Undisclosed
- **Website:** pace-healthcare.com
- **LinkedIn:** https://www.linkedin.com/company/pace-healthcare-capital

## Regulatory record

- **CRD number:** 337380
- **SEC file number:** 802-133956
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/337380

## About

PACE Healthcare Capital is an exempt reporting adviser in Chicago, IL, founded in 2025. It advises healthcare clients on investment strategies.

## Sectors

- Digital Health
- AI/ML

## People

- Julia Monfrini Peev — Founder
- Jon David Willingham — Partner
- April E. Evans — Partner & CFO
- Michael R. Williams — Operating Partner

## Questions

### Who runs investment decisions at PACE Healthcare Capital?

Founder Julia Monfrini Peev leads the firm's investment activity alongside Partner Jon David Willingham. Monfrini Peev previously co-led direct private equity healthcare investments for CDPQ in North America and Latin America, and her investment track record includes board-level involvement with portfolio companies. Willingham's background spans development capital, regulatory strategy, and board governance for institutional-backed businesses.

### What is PACE Healthcare Capital's investment strategy?

PACE targets US-headquartered digital health and healthcare technology companies that are software-, AI-, or ML-enabled. The firm explicitly excludes medical devices and life sciences. It invests $1M to $4M as an initial check, with substantial reserves for follow-on capital, and participates from late Seed through Series B rounds. PACE can lead or follow in syndicates.

### Which portfolio companies has PACE Healthcare Capital backed?

Publicly known investments include Alloy Health (telehealth for menopause care), AMOpportunities (clinical-training-as-a-service, since acquired), Backpack Healthcare (pediatric mental health), Headlight (digital mental health practice), and Prenosis (sepsis diagnostic platform). The firm highlights its work with diverse, mission-driven leadership teams across each of these companies.

### How does PACE Healthcare Capital support its portfolio companies beyond capital?

Operating Partner Michael Williams — a former executive at BMS, Pfizer, and Takeda — works directly with founders on customer acquisition and scaling operations. The firm's senior advisory network includes experienced practitioners such as the former founding CFO of Tempus AI and the CEO of the American Osteopathic Association, giving portfolio teams access to specialized operational, clinical, and financial expertise.

### Where does PACE Healthcare Capital invest geographically?

PACE is headquartered in Chicago and maintains a Midwestern identity — its website roots the firm's values in the "Heartland of America." The investment mandate covers the United States nationally, and the firm's portfolio companies serve patients and healthcare systems across multiple states and regions.

### Does PACE Healthcare Capital invest in medical devices or life sciences companies?

No. The firm's investment criteria state explicitly that it seeks digital health and healthcare technology solutions based on software, AI, or machine learning and does not invest in medical technology (medtech) or life sciences.

## Related profiles

- [Pace Capital](https://altss.com/profile/pace-capital)
- [PACE Industry Union-Management Pension Fund](https://altss.com/profile/pace-industry-union-management-pension-fund)

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Last updated: 2026-08-14T12:30:00.000Z

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