Last updated on December 13th, 2019
Mid Atlantic Bio Angels (MABA)
MABA – Mid Atlantic Bio Angels (bioangels.net) – is a NY-area life science angel investment group that invests in early stage, private life science companies (primarily therapeutics, devices and diagnostics), with no geographic restrictions.
MABA’s members include individuals and entities who meet the SEC’s definition of Accredited Investors, and also satisfy certain membership criteria set by MABA. These members/investors assemble on a regular basis to screen applications and hear pitch presentations from applicant companies. The members perform their own due diligence, make their own investment decisions regarding each opportunity, and invest their own money either directly or through managed pools of capital (“Pools”).
The MABA Sidecar Fund
MABA formed the MABA Sidecar Fund I (the “Fund”) in order to provide non-MABA members the opportunity to co-invest with MABA, but without membership attendance or activity requirements. Participation in this Fund is open only to “accredited investors” (as defined by the SEC) who are not MABA members.
The Fund will invest automatically based on pre-set ratios and rules, including confirmed investment from MABA members or MABA member Pools, and will receive substantially the same investment terms as those MABA members. The Fund’s investment approach is considered both passive and blind.
Sidecar Fund Mechanics
The MABA Sidecar Fund does not make investment decisions or provide any advice. The Fund only invests if MABA investors made an investment that qualifies for co-investment by the Fund (based on pre-set, published rules). Once the conditions for co-investment by the Fund are met, the Fund’s investment is automatic.
For more information about the Fund:
The MABA Sidecar Fund is open to non-MABA members, who:
- Wish to have exposure to private, early stage life science companies in their investment portfolios
- Are SEC accredited (under Regulation D of the Securities Act)
- Wish for their funds to be invested alongside MABA, automatically, based on preset rules and criteria, and
- Wish to invest at least $25,000.
If you are an accredited investor (based on SEC guidelines) and are interested in becoming an investor in the Fund, please click the button to sign up.