The Invus team has a background in strategy, operations and consulting. But the most important common denominator across the team is our passion for business.

One of the major benefits of our evergreen structure is that we don’t need to raise new funds and manage investor relations across multiple funds. This frees up significant amount of our team’s time, allowing us to focus on our mission empowering entrepreneurs and executives to transform their industries.

Our relationship with owner-managers is not confined to formal board meetings. We enjoy an open dialogue with our owner-managers and frequently interact with them as they seek our advice on issues facing their businesses. This allows them to move rapidly without red tape. On select strategic projects, owner-managers can also call on us, where we can deploy one or more of our team members to be part of a project–specific task force to more deeply assist management with a new initiative or acquisition.

Raymond Debbane, President and CEO

Ray is based in New York and is the President and CEO of Invus as well as the CEO of Artal Group. Prior to forming Invus in 1985, Ray was a manager for The Boston Consulting Group in Paris. He holds an MBA from Stanford Graduate School of Business, an MS in Food Science and Technology from the University of California, Davis and a BS in Agricultural Sciences and Agricultural Engineering from the American University of Beirut. He is currently the Chairman of Action Against Hunger — USA and a Trustee Emeritus of Connecticut College.

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Christopher Sobecki, Managing Director, Private Equity, New York

Chris is a Managing Director based in the New York office. He joined Invus in 1989. Prior to joining Invus, Chris worked as an engineer for the Eastman Kodak Company. He received an MBA from Harvard Business School. He also holds a BS in engineering from Purdue University.

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Philippe Amouyal, Managing Director, Private Equity, Boston

Philippe joined Invus in 1999 as a Managing Director. He is based in Boston. Prior to joining Invus, Philippe spent 15 years at The Boston Consulting Group in Paris and Boston, where he was a Vice President and Director and led the global electronics and software practice from 1991 on. He holds an MS in engineering and a DEA in management from Ecole Centrale de Paris and was a Research Fellow at the Center for Policy Alternatives of the Massachusetts Institute of Technology.

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Jonas Fajgenbaum, Managing Director, Private Equity, New York

Jonas is a Managing Director based in the New York office and focuses on private equity investments. He joined Invus in 1996. Prior to joining Invus, Jonas was a management consultant with McKinsey & Company in New York, where he worked with clients in a wide range of industries including consumer products, healthcare, oil and gas, and financial services. Jonas graduated with a BS from The Wharton School and a BA in Economics from the University of Pennsylvania.

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Aflalo Guimarães, Managing Director, Private Equity, New York

Aflalo is a Managing Director based in the New York office and focuses on investments in private companies. He joined Invus in 1998. Prior to joining Invus, Aflalo was at Marakon Associates where as a manager he led strategic consulting engagements for large multinational companies in a wide range of industries including financial services, retail and consumer products. Previously he worked at the Federal Reserve. He holds an MBA from the University of Pennsylvania’s The Wharton School and a BA in Economics and Political Science from Yale University.

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Evren Bilimer, Managing Director, Private Equity, New York

Evren is a Managing Director based in the New York office and focuses on investments in private companies. He joined Invus in 2002. Prior to joining Invus, Evren was a management consultant with McKinsey & Company in New York, where he worked with clients in a wide range of industries including financial services, media and entertainment and retail. Evren graduated summa cum laude from Yale University double majoring in Electrical Engineering and Economics.

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Benjamin Felt, Director, Private Equity, New York

Ben is a Director based in the New York office. He joined Invus in 2009. Prior to joining Invus, Ben was a management consultant with The Boston Consulting Group in Chicago, where he worked with clients in a wide range of industries including consumer products, industrial goods, and financial services. Ben graduated with a BA in Economics from Yale University.

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Justin Barstein, Senior Associate, Private Equity, New York

Justin is a Senior Associate based in the New York office and focuses on investments in private companies. Prior to joining Invus in 2011, Justin was a management consultant at Bain & Company in Dallas, where he worked on a wide range of industries including industrials, media, technology, airlines, and consumer products. Justin graduated with a BA in Finance and Economics from Washington University in St. Louis.

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David Sun, Associate, Private Equity, New York

David is an Associate based in the New York office. Prior to joining Invus in 2012, David was a management consultant with the Boston Consulting Group in Detroit, where he worked with clients in a range of industries, including automotive, energy, industrial goods, and logistics. David graduated from Harvard College, where he concentrated in Applied Math, Economics and minored in Computer Science.

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Christopher Marsh, Associate, Private Equity, New York

Chris is an Associate based in the New York office. Prior to joining Invus in 2013, Chris was a management consultant with The Boston Consulting Group in Washington, D.C., where he worked across a range of industries, including retail, consumer products, industrial goods and energy. Chris graduated from Pomona College with a double major in Mathematics and Chemistry, and a minor in Economics.

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James Simonian, Associate, Private Equity, New York

James is an Associate based in the New York Office. Prior to joining Invus in 2013, James was a management consultant with McKinsey & Company based in Sydney, where he worked with clients in diverse industries including retail, mining, energy, and telecommunications. James graduated with a BS in Physics and an LLB from the University of Sydney.

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Luc Ta-Ngoc, Managing Director, Private Equity, Europe

Luc is a Managing Director based in the Paris office and focuses on investments in private companies. He joined Invus in 1999. Prior to joining Invus, Luc was a manager at The Boston Consulting Group, in Paris and New York, where he worked with clients in a wide range of industries including consumer goods, food and non-food retail (hypermarkets, supermarkets, convenience stores, department stores, specialty retail), building materials and pharmaceuticals. He graduated from Ecole des Hautes Etudes Commerciales (HEC) in Paris.

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Wassim Sacre, Managing Director, Private Equity, Europe

Wassim is a Managing Director based in our Paris office. He focuses primarily on private equity investments and leads our Public Equity group in Europe. Prior to joining Invus in 2006, Wassim was an investment banker at Goldman Sachs. Previously he was a management consultant with Booz Allen Hamilton, where he worked with clients in a variety of industries including telecommunications, media, energy and utilities. Wassim holds an MBA from INSEAD. He is also a graduate of the ESSEC Business School in Paris and of the University of Saint Joseph in Lebanon majoring in Electrical and Telecommunication Engineering.

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Mario Kaloustian, Managing Director, Private Equity, Europe

Mario is a Managing Director based in the Paris office and focuses on investments in private companies. He joined Invus in 2008. Prior to joining Invus, Mario was Principal at Greenwich Consulting in Paris, a strategy and management consultancy focused on telecoms and media, where he led strategic consulting engagements for major European companies. Previously he was a management consultant with Booz Allen Hamilton. He graduated from Ecole Nationale Supérieure des Télécommunications and has an MBA from INSEAD.

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Benedetto Staccia, Director, Private Equity, Europe

Ben is a Director based in the Paris office and focuses on investments in private companies. He joined Invus in 2008. Previously, Ben was a management consultant with McKinsey & Company in Italy, where he worked with clients in a wide range of industries including telecommunications, energy, technology, and financial services. Ben received an MBA from Harvard Business School and also holds an MS in Engineering from Politecnico di Milano and from Ecole Centrale de Paris.

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Francis Cukierman, Managing Director, Private Equity, Asian Emerging Markets

Francis is a Managing Director based in the London and Hong Kong offices. He focuses on investments in high growth private consumer companies in Asia. He joined Invus in 1993 and led several consumer and retail investments in Europe. Prior to joining Invus he was a partner at The Boston Consulting Group in Paris. In his 10 years at BCG he worked with clients in a wide range of industries including consumer goods, food and non-food retail. He graduated from Ecole Nationale des Ponts et Chaussées and has an MBA from INSEAD.

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Jenny Junzhuo Wang, Associate, Private Equity, Asian Emerging Markets

Jenny is an Associate based in the Hong Kong office. Prior to joining Invus in 2014, Jenny worked at Booz & Company as a senior consultant for four years, where she focused on consumer, retail and manufacturing industries. She received her MBA from Columbia Business School, where she majored in Finance and Investing.

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Khalil Barrage, Managing Director, Public Equity, New York

Khalil is a Managing Director based in New York. He joined Invus in 2003 and set up the Public Equity group, of which he is in charge globally. Prior to joining Invus, Khalil was a portfolio manager with The Olayan Group, New York in charge of its US equity group. Khalil follows a value discipline in selecting securities focusing on out of favor stocks that are trading below their intrinsic value. Khalil holds a BA from the American University of Beirut. He is a board member of the Children of Armenia Fund and of Solving Kids’ Cancer.

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Janet Lee, Principal, Public Equity, New York

Janet is a Principal based in New York. She is the Director of Research for the Public Equity group and manages the healthcare portfolio. Prior to joining Invus in 2009, Janet worked on healthcare public equity investments at Origin Capital Management, a healthcare-focused hedge fund. Previously, Janet was a consultant at McKinsey & Company, where she worked with financial services clients in Asia and the U.S. on growth strategy, M&A, and risk management. Janet graduated from Yale University.

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Robert Mikesell, Director, Public Equity, New York

Robert is a Director based in New York. He is the trader for the Public Equity Group in New York, in charge of our execution desk. Prior to joining Invus in 2003, Robert was a trader for Credit Suisse First Boston in their Capital Markets Group focusing on corporate buybacks, tenders, VC distributions, and derivatives. Robert graduated from Franklin & Marshall College where he majored in Economics and minored in Business.

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Matthew Maslow, Director, Public Equity, New York

Matt is a Director based in New York. He focuses on investments in public companies with unique risk/reward characteristics and also investments in the capital markets. Prior to joining Invus in 2013, Matt was the President and a Portfolio Manager at Victoire Finance Capital (a global equity long/short hedge fund) for 5 years. Previously, Matt worked in investment banking at Goldman Sachs for 8 years and Credit Suisse for 7 years, focusing on the U.S. equity markets. Matt holds an MBA in Finance from New York University Stern School of Business and a BA in Economics from Rutgers College.

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Georgios Theophanous, Associate, Public Equity, New York

Georgios is an Associate based in New York. Prior to joining Invus in 2013, Georgios was an associate at Vector Capital in San Francisco, a middle-market private equity firm focused on technology investments. Previously, Georgios was a management consultant at McKinsey & Company in Palo Alto, where he worked with technology, industrial goods, and financial services clients on growth strategy, operations, and mergers & acquisitions projects. He holds an MBA from The Wharton School and an A.B. in Economics from Harvard College.

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Sri Batchu, Associate, Public Equity, New York

Sri is an Associate based in New York. Prior to joining Invus in 2014, Sri was an Associate Director at Universal Music Group where he was a seed-stage VC investor and supported broader M&A and strategy functions.  Previously, he was a Private Equity Associate at Bain Capital where he had significant experience working in India and focused on consumer goods, industrials and media transactions.  Sri was also formerly a management consultant at McKinsey & Company, where he worked with consumer goods and healthcare clients on growth strategy, operations, and mergers & acquisitions projects. He holds an MBA from Harvard Business School and an A.B. in Economics from Dartmouth College.

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Tan Kambia, Director, Public Equity, Europe

Tan Kambia is a Director based in the Paris office. Tan is responsible for trading (flow, IPO and blocs), as well as representing Invus in dealing with brokers, sell side sales and syndicates. Prior to joining Invus in 2014, Tan worked for Bank of America Merrill Lynch for 17 years in Trading and Sales Trading. He is a graduate of EM Strasbourg Business School majoring in Finance. He also spent a year at Trinity College in Dublin as a student in Economics.

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Julien Miara, Senior Associate, Public Equity, Europe

Julien is a Senior Associate based in Paris. He joined Invus in 2010. Previously, Julien worked in Investment Banking at BNP Paribas in Paris and Société Générale in New-York, as well as in Management Consulting. Julien received his Master of Management from EDHEC Business School in Lille (France) in 2009.

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Olivier Gueymard, Analyst, Public Equity, Europe

Olivier is an Analyst based in Paris. Prior to joining Invus in 2013, Olivier was an intern in Investment Banking at Lazard-Natixis in Paris, in Equity Research at Natixis in London and at a hedge fund in Paris. Olivier graduated with a Master of Management from Toulouse Business School in France.

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Chris Jiang, Vice President, Public Equity, Hong Kong

Chris is a Vice President based in Hong Kong. Prior to joining Invus Asia in 2011, Chris was an Associate in the Investment Banking Division at J.P. Morgan, where he worked with clients from different industries, including transportations, telecommunications, media and consumer. He has worked on a variety of transactions, including mergers & acquisitions, restructuring and capital raising. Chris holds a BA in Mathematics and Economics from Connecticut College.

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Addy Ho, Senior Associate, Public Equity, Hong Kong

Addy is a Senior Associate based in Hong Kong. Prior to joining Invus Asia in 2010, Addy was a management consultant at The Boston Consulting Group in Hong Kong, where she worked with clients in a wide range of industries including financial services, consumer products and telecommunications. Addy graduated with a BA and MEng in Manufacturing Engineering from Cambridge University.

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Our Partner Funds

IFA, Questmark and TMG are our three partner funds. While they are all independent firms, we are proud to be the largest investor in their respective funds and to be benefiting from their strong track records.

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Invus Financial Advisors (IFA)

In 2006 two former Invus partners, Sacha Lainovic and Leslie Lake, spun off a new firm: Invus Financial Advisors (IFA) to focus on two adjacent strategies on private equity and fund of hedge funds. Applying the same fundamentals-, strategy-led approach, IFA's PE team invests directly in smaller companies as well as in specialized private equity funds, opportunistic co-investments and other unconventional illiquid opportunities. Since 1994, Sacha and Leslie have been successfully investing the liquid assets from our evergreen structure into a portfolio of alternative asset managers with a focus on long / short equity strategies. While we continue to be the largest investor in IFA funds, the spin-off has allowed IFA to attract additional long-term capital from other well-aligned investors and expand their teams. Sacha and Leslie are joined by Bryan Kim, Benjamin Tsai, David Kahane, Gretchen Piller and Guyan Liu.

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QuestMark Partners

Invus has been the largest investor in QuestMark Partners, a late-stage venture capital firm based in Baltimore, Maryland, since its founding in 1998. QuestMark has over $750 million under management across 3 funds. The fund looks to invest in $5 – 15 million in emerging growth companies with exceptional management teams and proven products and services. Areas of focus include software, medical devices, and internet based businesses, as well as, enterprises in broader technology, healthcare and consumer areas.

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TMG Capital

TMG Capital was founded in 1997 in Sao Paolo, Brazil by seasoned executives to make equity investments in Brazil. Invus has partnered with TMG since its inception and is the largest investor in TMG's second fund, which it is currently investing out of. With its successful investment track record, TMG seeks investments that leverage Brazil's economic development and inherent competitive advantages in areas where TMG can add value through strategic insights and its collaborative relationship with management. As a result of our long-term strategic partnership with TMG, IFA is a co-general partner of the TMG funds and IFA's team works closely with the TMG team.

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