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Flare Capital Partners launches new venture

Flare Capital Management Co. LLC launched an initiative to support innovative technology developed by its community of healthcare executives.

Flare Capital will make selective capital allocations out of the initiative, Flare Scholar Ventures, during the investment phase of its recently launched second fund.

The firm also promoted Parth Desai to principal. He joined the firm in March 2019 and helps manage Flare Scholar Ventures alongside identifying new investment opportunities.