Mr. Paul has been actively engaged in private equity and venture capital investing for more than 37 years, primarily in the healthcare industry. In 1984, he joined Welsh Carson Anderson & Stowe (1984-2000), a private investment firm that specializes in venture capital/LBO opportunities, after working for the venture capital group of Hambrecht & Quist as an Associate (1983-1984). Since its founding in 1979, Welsh Carson has become one of the oldest, largest and most successful private equity investment firms in the U.S. focusing exclusively on information services, communications, and healthcare. During his 16 year tenure at Welsh Carson, he was jointly responsible for healthcare investing and was one of two lead partners for 38 investments in the healthcare industry, serving on the board of directors of 12 companies that successfully completed public offerings. At the time he left the firm in 2000, he had held a position on the Management Committee as a senior executive of the firm, and the firm had grown to an aggregate capital base of approximately $12 billion, which was an 84 times increase in capital over Mr. Paul’s tenure with the firm. Mr. Paul retired from Welsh Carson in September 2000 to focus his time on his other investment interests including Sopris Capital.
Andy Paul is the managing member and founding member of Sopris Capital, which he started as his family office in 2001. Sopris Capital invests between $1million -$10 million in the equity of emerging healthcare service companies that have proven products, market acceptance, and a management team that can capitalize on the opportunity. They currently have a portfolio of 20 healthcare and tech enabled services companies.
Andy Paul is also the Founder and Chairman of Enhanced Capital Partners (ECP), a state-sponsored small business investment vehicle formed in 1999 to provide capital to small and emerging companies in specified geographies. Since its founding, ECP has raised over $2 billion in capital. He is also the co-founder and managing partner of Enhanced Healthcare Partners, a $1.2 billion equity fund focused on buyouts and growth capital investments in lower middle-market companies in the healthcare industry.
Andy received his B.A. from Cornell University in 1978 and his MBA from Harvard Business School in 1983.