What is DRI Healthcare's typical check size?

DRI Healthcare typically writes checks of $7.3M – $36.5M.

What sectors does DRI Healthcare focus on?

DRI Healthcare focuses on Biotech, Healthtech, Medical Devices.

Where is DRI Healthcare located?

DRI Healthcare is headquartered in Toronto, CA.

DRI Healthcare

Venture debt

Toronto · 40 people tracked

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Investment thesis

DRI Healthcare specializes in pharmaceutical royalty monetization, acquiring dependable, patent-protected cash flow streams derived from sales of important drugs across multiple therapeutic areas. The firm positions itself as a partner for both investors and innovators, offering creative and flexible deal structures tailored to counterparty needs, and works with multiple repeat deal partners. Its strategy centers on acquiring interests in medicines that effectively treat and address unmet medical needs, functioning as a smart capital allocator building a diversified royalty portfolio.

Invests inBiotech Healthtech Medical Devices Asia-Pacific Canada Europe Global Toronto United States

Source: firm website, verified Aug 3, 2026.

Check

$7.3M – $36.5M

Toronto, Ontario, CA

Instruments

Debt

Founded

1992

AUM

$2.2B

Team · 40 people

from the firm's website & public directories

Ali Hedayat· Chief Executive Officer / Trustee

CEO of DRI Healthcare and founder and Managing Director of Toronto-based Maryana Capital. He previously co-founded Edoma Capital in London, was a partner at Indus Capital, and held senior roles at Goldman Sachs from 1997 to 2010, including Managing Director.

Navin Jacob· Executive Vice President, Investments and Chief Investment Officer

n•••@drihealthcare.comreveal

David Shin· Director, Research & Investments

Alyssa Klapper· Associate General Counsel

Annalisa King· Independent Trustee / Chair of the Audit Committee

Chair of the board for Vancouver Airport Authority and an experienced corporate director serving on multiple TSX company boards, including audit committee chair roles at Saputo and The North West Company.

Armin Vallazza· Senior Analyst, Research & Investments

Artour Khouzine· Vice President, Asset Operations & Analytics

Athana Mentzelopoulos· Independent Trustee

Public sector leader with more than 30 years in senior roles across the Alberta and BC provincial governments and the Government of Canada; most recently President and CEO of Alberta Health Services.

Bill Zhang· Head of Investor Relations

Brittney Cassidy· Executive Assistant & Office Coordinator

Christian Burnaccioni· Senior Vice President, Information Technology

Courtney Grady· Senior Analyst, Research & Investments

David Jimenez· Analyst, Asset Operations & Analytics

Elaine Tee· Vice President, Finance

Frandy Castillo· Senior Technical Support Specialist, Information Technology

Gary Collins· Executive Chair

Seasoned corporate director with roughly 20 years of board experience across multiple sectors and senior government roles. Was a Senior Adviser at Lazard Canada from 2016 to 2023 and previously President of Coastal Contacts Inc.

Jason Nazim· Payroll & Benefits Specialist

Jeff Reinhardt· Senior Analyst, Research and Investments

Jenna Schapiro· Associate General Counsel

Jenny Cui· Manager, Finance

Juhyun Lee· Junior Data Scientist

Kevin Layden· Trustee

Leader with over 40 years in strategic planning, operations and governance in real estate and retail; President and CEO of Wesbild Holdings since 2008 and former President of Future Shop.

Kiran Cheema· Manager, Finance

Lee Schechter· Senior Vice President, Research & Investments

Mario Severino· Analyst, Finance

Nina Nguyen· Senior Analyst, Finance

Patricia Chehadé· Director, Legal & Corporate Governance

Paul Mussenden· Independent Trustee / Chair of the Governance, Compensation and Nominating Committee

Healthcare executive currently CEO of Cydar Medical, an AI and cloud-based medical device company; joined Cydar as a non-executive director in 2019 before becoming CEO in 2020.

Poonam Puri· Independent Trustee / Member of the Audit Committee and Governance Committee

Tenured Professor of Law and Chair in Corporate Governance at Osgoode Hall Law School and a corporate lawyer/Affiliated Scholar at Davies Ward Phillips & Vineberg, with expertise in governance.

Ranee Borgna· Executive Assistant & Office Coordinator

Reza Rahimi-Motem· Analyst, Asset Operations & Analytics

Sandy Kwan· Chief Financial Officer of DRI Healthcare Management Company

Serena Li· Legal Counsel

Shauna Duffy· Senior Analyst, Finance

Tamara Vrooman· Lead Independent Trustee / Member of the Audit and Governance Committees

Business executive with senior leadership experience in finance, transportation, infrastructure and health; currently President and CEO of Vancouver Airport Authority.

Wesley Nurss· Senior Vice President, Head of Research

Yassine Bensaada· Director, Research & Investments

Zaheed Mawani· Executive Vice President and Chief Financial Officer of the Trust

Babak Farahmand· Executive Vice President, Asset Operations & Analytics

b•••@drihealthcare.comreveal

Gordon Winston· New York, New Yorkin 𝕏

Gordon Winston is Founder, Chairman, and CEO of QGEMS, Inc. and QSecGrid, Inc., companies developing digital energy infrastructure for distributed energy resources and critical infrastructure modernization. He previously spent 14 years in Wall Street finance and later led the evolution of Drug Royalty Corporation into DRI Capital, an IP-based investment manager with $5 billion in assets under management. Winston serves in the World Presidents' Organization and Young Presidents' Organization, and is co-founder of the Peace Innovation Initiative and Cooperative for Humanity.

Frequently asked questions

What is DRI Healthcare's typical check size?: DRI Healthcare typically writes checks of $7.3M – $36.5M.
What sectors does DRI Healthcare focus on?: DRI Healthcare focuses on Biotech, Healthtech, Medical Devices.
Where is DRI Healthcare located?: DRI Healthcare is headquartered in Toronto, CA.

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