Deerfield Management Company, L.P. is an employee owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. Deerfield does structured financings for healthcare companies, particularly biotechs. Deerfield also conducts debt, secondary, IPO (initial public offering), and royalty financing.
Deerfield was established on January 13, 1994, by James Edward Flynn and is based in New York City.The firm is a global fixed-income investment adviser that has managed institutional, alternative accounts since 1994. Deerfield is a large advisory firm with 14 clients and discretionary assets under management fund.
Deerfield launched in 1994 with $17 million in equity. Twenty years later, it manages funds in excess of $5 billion.
Deerfield has made 42 investments. One of their investments was on Jan 18, 2019, when they invested $8M in Itamar Medical. Deerfield has had 20 exits, including Foundation Medicine, Orchard Therapeutics, and Alector.
The firm invests in public equity markets of the United States. The firm makes its private equity investments in large-cap and growth companies. It typically invests in healthcare sector which includes pharmaceuticals, biotechnology, generic drugs, over the counter drugs, medical devices, medical equipment, diagnostics, hospital supplies, hospital services, acute care hospitals, nursing homes, psychiatric hospitals, alternate site providers, home care, physician practice management, medical software HMOs (health maintenance organization), health insurers, benefit management companies, distributors, drug stores, and animal healthcare products and services.