Grant Avenue Capital LLC launched as a healthcare-focused private equity firm and said it will invest in midsize companies focused on themes related to cost containment, custom solutions, consumerism and compliance.

The New York City-based firm said it will specialize in control buyouts, buy-and-builds, joint-control partnership investments and special situations. The firm is led by Buddy Gumina, who most recently was senior equity partner of the global healthcare team at private equity firm Apax Partners LLP.