# Transformation Capital

Transformation Capital is a Private Equity based in Boston, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** Boston, MA, United States
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** transformcap.com
- **LinkedIn:** https://www.linkedin.com/company/transformationcapital

## Regulatory record

- **CRD number:** 307367
- **SEC file number:** 802-118284
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/307367

## About

Transformation Capital is a digital healthcare investor. The firm focuses solely on healthcare and works with founders to help revolutionize the industry. Its partners are transforming the landscape of the healthcare industry.

## Sectors

- Digital Health
- Enterprise Software

## People

- Layla Behrouzian
- Nick Briguglio
- Raphael Cervantez
- Jenna Ciotti
- Todd Cozzens
- Mike Dixon
- Jared Kesselheim — M.D.
- Akanksha Mehta
- Scott Rosen
- Akhi Samant
- Vinay Shah
- Nicole Bleecker
- Robin Borg
- Bhooshi de Silva
- Robin Mercer
- Julie Murchinson
- Tanya Wesley
- Briana Blake
- Kevin Brown
- Ashley Kurpinsky
- Christine Murphy
- Jessica Pellegrini
- Karen Saldana
- Amy Slizofski
- Laurel Smith

## Questions

### Which sectors does Transformation Capital explicitly avoid?

The firm does not invest in early-stage therapeutics, biotech, medical devices, or pre-revenue health-tech startups. Its mandate is confined to companies where technology is applied to operational and financial workflows within healthcare delivery — such as revenue cycle management, care coordination, and provider enablement — rather than drug discovery or hardware.

### How does Transformation Capital source proprietary deal flow?

The firm's pipeline is built on founder relationships and thematic research rather than broad auction processes. By targeting companies that have operated profitably for years without institutional capital, Transformation Capital often enters negotiations as the sole institutional lead, structuring terms directly with founder-operators who value an operational partner over the highest nominal bid.

### Does Transformation Capital participate in fund commitments or only direct deals?

The firm deploys exclusively through direct investments, taking majority or significant minority equity positions in its portfolio companies. There is no public record of Transformation Capital acting as a fund-of-funds or making LP commitments to other managers — its model is built around board-level engagement in each holding.

## Related profiles

- [Transformational Healthcare Venture Capital](https://altss.com/profile/transformational-healthcare-venture-capital)
- [Transformative Energy and Materials Capital](https://altss.com/profile/transformative-energy-and-materials-capital)

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Last updated: 2026-08-11T15:08:22.057Z

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