Get to know us
Investing in the Future of Healthcare
Invidia Capital Management
Invidia Capital Management is a healthcare-oriented private equity firm based in New York and focused on upper-middle market investments in North America. It was founded in 2024 by Jo Natauri, formerly the Global Head of Private Healthcare Investing at Goldman Sachs. Jo Natauri has 25+ years of experience in the healthcare sector, with a diverse background that includes private equity investment, board membership, investment banking, and operational leadership. She was the lead partner on over $9bn of equity and structured capital and advised on over $250bn in M&A transactions.
Invidia aims to reinvent the approach to the middle market by leveraging mega-cap expertise and network, utilizing a wide array of value creation levers, offering broader exit options, and maintaining a balanced risk/reward profile. Within healthcare, the firm targets the following subsectors: supporting research & development (R&D) innovation, tech-enabled services, delivery transformation, and consumer-oriented healthcare. These focus subsectors have significant tailwinds, positioning the firm for sustainable growth and value creation.
The firm’s investment strategy is disciplined, proactive, and thesis-driven, identifying target companies for growth and operational efficiency improvements. Invidia leverages its distinguished healthcare executives and a broader specialist ecosystem to add sourcing and operational advantages. Our experienced team consists of seven investment professionals and four operational team members.
Our Core Values
Invidia is building a world-class investment firm grounded in a robust culture and core values,
dedicated to benefitting all constituencies in healthcare: patients, providers, and payors.
Excellence & Innovation
We focus on delivering excellence and innovation in all aspects of healthcare investing, from identifying promising opportunities to optimizing portfolio company performance.
We embrace creativity and forward-thinking solutions to address complex healthcare challenges.
Holistic Perspective
We adopt and seek to implement a wide step disciplined approach to healthcare investing. Recognizing the interconnectedness of healthcare with social and economic issues, we understand the human impact of these decisions. We prioritize empathy and compassion toward patients, understanding their needs and challenges as central to our mission.
Collaboration and Partnership
We foster collaborative partnerships with portfolio companies, healthcare providers, sponsors, LPs, and other industry stakeholders. Invidia recognizes that meaningful change and innovation often result from collective efforts and shared experience.
Adaptability and Resilience
We remain adaptable and resilient in the face of evolving healthcare landscapes, market dynamics, and regulatory changes and we seek to embrace agility and flexibility to seize opportunities and navigate challenges effectively.
Long-Term Value Creation
We focus on creating long-term value for all stakeholders, including investors, portfolio companies, employees, and communities.
