Castellan Group’s Direct Investments Team has deployed capital across more than 15 portfolio company investments, leveraging deep operational insight and disciplined underwriting to generate durable long-term value. Our strategy focuses on identifying strong operators, proven market demand, and opportunities where our partnership accelerates growth.
Our Investment Strategy
Direct Investments in Operating Companies
We invest directly in operating companies with strong product market fit, serving as either a lead investor or a co-investor depending on the opportunity.
Broad Asset Class Coverage
Our team invests across a wide range of asset classes, including venture capital, private equity, and private credit, allowing us to target opportunities at varying stages of maturity and capital needs.
Flexible Transaction Types
We pursue majority and minority recapitalizations, buyouts, growth capital, and bridge capital investments, tailoring our approach to meet the needs of founders, management teams, and existing investors.
Clear Revenue and Profitability Focus
We target businesses generating more than $5 million in annual revenue with compelling growth trajectories and cash flow generation.
Proven Leadership
We prioritize companies led by experienced, capable management teams with demonstrated ability to execute and scale.
Scalable Check Sizes
Typical investment sizes range from $2 million to $20 million, giving us flexibility to support companies through key inflection points.
Sector Focus
Our core focus includes investments in Healthcare IT, Healthcare Data, Cash-Flowing Businesses, Renewable Technology and Waste Management and Recycling—sectors where we have meaningful expertise and see attractive long-term fundamentals.
Health Innovation Alliance Aging Innovation Fund
Managed by Castellan Group
Confronting the Aging Crisis
By 2030, the U.S. population aged 65 and older will surge from 46 million to 74 million. This unprecedented demographic shift poses a major challenge: the growing demand for care far exceeds the available workforce and resources.
The result is a looming healthcare crisis—one that demands innovative, technology-driven solutions to support aging populations and their caregivers.
At the Health Innovation Alliance, we believe that through superior innovation and collaboration, we can reshape how the world delivers care for older adults.
The Investment Opportunity
The Health Innovation Alliance represents a unique opportunity for investors to join forces with some of the largest healthcare organizations and leading experts in the aging innovation field.
This fund will accelerate healthcare solutions by leveraging Health Innovation Alliance’s powerful innovation engine, which includes:
Executive-led discovery labs that identify real-world challenges and opportunities.
A centralized data hub that validates innovations and drives measurable impact.
A network of industry leaders collaborating to bring proven technologies to market.
Growth and venture capital investing centered on Late Seed to Series B stage investments
Targeting investments with strategic relevance to Health Innovation Alliance member companies and can benefit from Health Innovation Alliance’s network
Focus on technology-oriented business in the healthcare services, technology, and care delivery markets
Willing to invest in convertible note and preferred equity structures
Investment sizes in the $1-3mm range
Commercial stage businesses with strong management teams in place
Big markets with powerful tailwinds driving them – visibility to $100mm enterprise value
Minimum revenue run-rate of $1.0mm and three enterprise customers
By addressing critical funding gaps and fostering coordination across the healthcare ecosystem, the Health Innovation Alliance will help bring transformative aging care innovations from concept to commercialization.
This collaborative model—pairing deep industry insight with data-driven validation—creates a platform for unparalleled investment success.
At Castellan Group, we focus on delivering strong, risk-adjusted returns through a disciplined, value-driven real estate strategy. Our approach centers on providing high-quality workforce housing while identifying opportunities that combine long-term stability with meaningful upside potential.
Castellan Group has partnered with PTM Partners and Inception Investments in pursuing thoughtful real estate opportunities with long-term potential. Together, the companies focus on workforce housing and other strategically selected projects that offer stability, value, and growth. This partnership brings together shared experience and a disciplined investment approach to create strong communities and deliver lasting results for investors.
Our Investment Strategy
Workforce Housing Expertise
We specialize in fully designed and engineered workforce housing projects, creating attainable living options for residents while generating consistent performance for investors.
Targeted Rental Profile
Our communities are designed around rental rates at 80%–120% of area median income (AMI)—a segment with proven demand and resilient occupancy through market cycles.
Attractive Yield-to-Cost
We underwrite all opportunities to a 6.5%+ yield-to-cost, ensuring disciplined acquisition and development decisions that support long-term value creation.
Diverse Project Types
From ground-up construction to value-add repositioning, we invest in projects that provide both stability and potential for enhanced returns.
Opportunity Zone Expertise
Our team brings deep experience in navigating Opportunity Zone structures, unlocking tax-advantaged investment opportunities for eligible projects.
Special Situations
We pursue select special situations where market inefficiencies or strategic repositioning create opportunities for outsized performance.
Flexible LP Investment Vehicles
We offer limited partner investment structures designed specifically for families and private investors, providing transparent alignment and long-term partnership.
Scalable Check Sizes
Investments typically range from $1 million to $20 million, allowing us to partner on projects of varying size and complexity.
Strong Return Targets
With a disciplined, data-driven approach, we target IRRs in the high teens, balancing income, appreciation, and tax efficiency.
