Due to his unique background of working both in medicine and the financial sector, Mitchell Blutt, MD, is a trusted name in the field of healthcare investment. Before founding Consonance Capital, a healthcare-focused investment firm in New York, he worked with JP Morgan Partners as Executive Partner. Dr. Mitchell Blutt also continues to teach medicine at Weill Cornell Medical College.

One type of investment instrument used by Consonance Capital is a private equity fund. Like a hedge fund, a private equity fund is a limited partnership which focuses on serving high net worth individuals and a variety of institutional investors. Unlike most hedge funds, however, private equity funds invest directly in private companies, purchasing all or part of these firms. . These types of investments encourage private equity funds to focus on medium and long-term growth.

Private equity funds typically improve the operations of companies they control through streamlining operations and/or enhancing growth. In the long term, the goal is to sell the company for more than was originally paid. This means a private equity fund will need the advice of experts in the field they operate in, such as healthcare or retail, to identify ways in which the companies they purchase can be grown after a significant investment is made.