A daughter of N.E. Philly sees local opportunities to put capital to work

Written by Erin E. Arvedlund, Philadelphia Inquirer 

Lincoln High School and St. Joseph’s University graduate Adele Cirone Oliva has made a name for herself in her hometown – and has just raised $200 million for a health-care investment fund.

Oliva cofounded 1315 Capital with Michael Koby to put money to work in health care. She previously worked at Ira Lubert’s Quaker Partners, which she joined in 2007. Prior to Quaker, Oliva had been cohead of the U.S. health-care group at Apax Partners, a private equity firm, starting in 1997.

The new fund tops off Oliva’s two decades of experience in the investment business, and although she’s lived all over, she says the Philadelphia region and New Jersey are “much richer places” for health-care acquisitions than locales such as Boston, New York, or Silicon Valley.

“This is the medicine chest of the East Coast, of the world even, and all our neighbors work in health care or pharmaceuticals,” she said. “There are hundreds of smaller companies here not getting a lot of attention.”

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