Veneeth Iyengar, Vice President of Strategic Ventures/Business Development at Sage Growth Partners (SGP), is responsible for identifying and evaluating high impact healthcare businesses for SGP’s Ventures Program, building out the VC/PE practice for the firm, and creating new revenue streams for SGP.
His recent experience includes working with JMI Equity, Capricorn Health, Clayton Dubilier Rice, Morgan Noble, Harbert Venture Partners, New Spring Capital, Welsh Carson and other leading VC/PE firms. In addition, he worked with management on an investor-led buyout of a leading healthcare Management Services Organization.
Veneeth has over 10 years of experience in identifying industry sectors and specific companies for investments, establishing private and public partnerships, representing the interests of those companies, and communicating with entrepreneurs in emerging markets and the U.S.
Veneeth has started an organization in Louisiana that seeks to create a platform to help 100 high-impact businesses over a five-year period as well as connect Louisianans residing outside the state to those in the state.
His career began in Southeast Asia, where he worked for two publicly listed companies as Director of Business Development and Corporate Development. He also advised a leading Asian investment firm on acquisitions relating to the IT space.
Prior to joining SGP, Veneeth worked as Vice President of BizCorps in the office of the Honorable Robert Mosbacher, Jr., former CEO of the Overseas Private Investment Corporation, a semi-independent U.S. Agency and appointee of President George W. Bush with a $15 billion exposure in emerging markets.
Veneeth went on to work for two publicly listed company in a Mergers and Acquisitions role and worked with American Orient Capital (a leading private equity firm in Southeast Asia) on acquisitions relating to the IT space. In this capacity, he inorganically grew a portfolio business of American Orient Capital to $50 million in revenue. He also served on the deal team that made a over $200 million hostile takeover of a U.S.-listed company, secured a $16 million equity line of credit from Global Emerging Markets (a $3.4 Billion Alternate Investment Firm out of New York City) and a deal team that led to a 70% of IPCCO to PCCW Teleservices (Hong Kong).
Veneeth’s expertise lies in conducting due diligence, using financial modeling, and performing industry research to identify opportunities in the telecom/media/technology industry, along with identifying growth industries in frontier/emerging markets for development and investment.
He has also worked with national and provincial governments and agencies, NGOs and universities to utilize multi-sectoral teams to develop economic plans for job generation and investment growth.
Served as Deal Leader in attracting Protenus, a high-growth venture-backed healthcare IT security company, into the SGP Venture Management Program.
Developed a unique partnership model with The Independent Practice Association of America to market and sell valued-added services to over 677 IPAs and 300,000 physicians across the country.
Established a non-equity joint venture to market and integrate the services of leading US/Philippines Healthcare BPO firm into services of SGP.
Structured and developed innovation partnership deal with the Thomas Jefferson School of Population Health.
Founded the Krannert Entrepreneurship Club, launched the first Purdue Entrepreneurial Symposium and was a finalist in numerous business plan competitions at Purdue and in the U.S.
As the Head of Mergers and Acquisitions, sourced and structured a $16 million in equity line of credit from a global multi-billion-dollar fund and evaluated over $50 million in acquisitions.
Led a team that divested a business process outsourcing (BPO) business unit for $22 million to PCCW Teleservices in China.
Developed financial scenarios to evaluate infrastructure projects in Vietnam in the IT/outsourcing space.
As a business development director, successfully negotiated with the Malaysian government on a multi-million-dollar incentive package to help reduce the costs of operations in Malaysia.
For C-level management in Denver, performed project analysis and evaluated potential investment and acquisition opportunities in the Philippines, with a cumulative transaction value over $150 million.
Successfully sourced and led the acquisition of a Philippine BP company (FinSource) in the financial services industry.
Veneeth received a B.S. in Economics from Purdue University and earned an M.S. in Finance from the Johns Hopkins University as the recipient of the William H. Thompson Scholarship.
- Speaker – Regenstrief Center for Healthcare Engineering, Purdue University, West Lafayette – “How Venture Capital/Private Equity is accelerating the industrialization of healthcare.” Oct 2016.
- Iyenar, Veneeth. Moderator: Startup Workshop: Design a Produce with Population Health in Mind.” Jefferson College of Population Health at MedCity Invest, a leading national healthcare investing conference. Chicago, IL. April 12-13, 2016.
- Panelist – Johns Hopkins Healthcare Business Association Annual Conference. March 2016 – “How Venture Capital/Private Equity is accelerating the industrialization of healthcare.” March 2016.
- Franklin Williams Award, Peace Corps. Veneer is one of only 101 individuals to have received this prestigious award by the Director of the U.S. Peace Corps, which honors outstanding returned volunteers who have made significant contributions abroad and in the U.S.
- 2012 Invitee, Clinton Global Initiative
- Think Tank Chair, 2012 G8 Young Leader Summit
- Finalist in numerous business plan competitions (Garage, Hummer Winblad, Burton Morgan Competition, World Bank Development Marketplace) 2001 – present