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Healthcare Fund I

Howard Capek , Chief Investment Officer

      Mr. Capek is currently a principal and founding member of LMG. He is the Managing Member of Lenrock Capital, LLC, and Chief Investment Officer of the Lenrock Healthcare Total Return Master Fund I, Ltd. For the Fund, Mr. Capek is responsible for all stock selections and determining asset allocation and sub-sector exposure. Mr. Capek brings 13 years of healthcare research, analysis and investment experience to the Fund, including 10 years as a Wall Street analyst specializing in various sectors of healthcare.  From May 1999 through June 2003, Mr. Capek was a senior healthcare analyst at UBS AG (“UBS”) and Managing Director from 2001 through 2003. At UBS, leading a team of three to five analysts, he covered the equity securities of 35 healthcare service companies, spanning the pharmaceutical manufacturing/services and outsourcing sectors (including drug distributors, PBMs and specialty distributors, and CROs), the alternate site provider sector and healthcare REITs. Prior to UBS, Mr. Capek was a senior analyst covering the healthcare provider sectors at Credit Suisse First Boston from 1996 through 1999, was a junior and senior analyst covering managed care, and healthcare providers at Merrill Lynch from 1993 to March 1996 and was a real estate limited partnership analyst at Prudential Bache Securities from 1989 through 1991.

Over the course of his Wall Street career, Mr. Capek covered over 60 companies across every sector of healthcare services, participating in over $10 billion in lead-managed capital raising and M&A transactions, was recognized for his stock-picking by the Wall Street Journal, internal salesforces, and buy-side clients, and trained six analysts who are now senior sell-side or buy-side analysts.  Mr. Capek holds an MBA (1993) in finance from Cornell University’s Johnson Graduate School of Management and a BS (1989) in applied economics and business management from Cornell University.