
Russell Cassella
Managing Partner
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- Full Name
- Russell J. Cassella
- Title
- Managing Partner
- Firm
- Revelstoke Capital Partners
- Firm Type
- Healthcare-focused private equity firm (control/buyout investor — *not* an angel or seed investor, despite the source stub)
- Investment Stage
- Control buyouts / platform and add-on acquisitions of established, lower-middle-market to middle-market healthcare companies (not seed)
- Check Size
- Not publicly disclosed; deployed from institutional funds (Fund III and successor vehicles) totaling several billion dollars in committed capital
- Target Company Profile
- Established, cash-flow-generating healthcare businesses suitable as platforms or add-on acquisitions
- Sector Focus
- Healthcare services, healthcare technology, and health & wellness (specialty physician practices, rehabilitation, infusion therapy, health IT)
- Geographic Focus
- United States
- Location
- Denver, Colorado
Background
Russell Cassella is a Managing Partner at Revelstoke Capital Partners, a Denver-based private equity firm that invests exclusively in the healthcare and related business-services sectors. He joined Revelstoke in 2017 and sits on the firm's Investment Team, where he is responsible for deal sourcing, execution, and portfolio-company monitoring. He is also a member of the firm's Investment Committee and Executive Committee, where his responsibilities include fundraising strategy and execution, oversight of Investor Relations and Responsible Investment, and ongoing deal monitoring.
Before joining Revelstoke, Cassella was a Partner at GCM Grosvenor, where he focused on healthcare and business-services investments and served on 15 boards of directors. Earlier in his career he was a Principal in the Customized Fund Investment Group at Credit Suisse Group AG, and he previously held investment banking, operating, and consulting roles at Deutsche Bank, Diageo, and Deloitte Consulting, respectively.
Cassella earned a B.S. from Carnegie Mellon University and an M.B.A. from New York University's Stern School of Business. At Revelstoke he has taken board roles with portfolio companies including ClareMedica and HealthAxis.
Revelstoke Capital Partners was founded in 2013 by Simon Bachleda (previously a Managing Director at Eos Partners). The firm has grown to several billion dollars in assets under management and, since inception, has completed well over 180 acquisitions comprising roughly two-to-three dozen platform companies and 150-plus add-on acquisitions — with the large majority of its portfolio concentrated in healthcare subsectors.
Investment Thesis & Focus
- Invests as a control private equity buyer, not an angel/seed investor — the "Angel Investors / Seed Round" label in the source stub does not reflect Revelstoke's actual strategy.
- Concentrates on healthcare services, healthcare technology, and health & wellness, including specialty physician practices, rehabilitation services, infusion therapy, and health IT platforms.
- Pursues a platform-plus-add-on ("buy-and-build") model — acquiring a core platform company and then compounding growth through numerous bolt-on acquisitions.
- Targets established, industry-leading businesses the firm can scale operationally, rather than early-stage or pre-revenue startups.
- Cassella personally emphasizes deal sourcing, execution, portfolio monitoring, and LP fundraising/investor relations, reflecting a role focused on both new investments and value creation within the existing portfolio.
Notable Investments
- ClareMedica — value-based primary care provider; Cassella has board/portfolio involvement.
- HealthAxis — healthcare technology / core administrative processing platform; Cassella has board/portfolio involvement.
- AOM Infusion — infusion therapy provider; Revelstoke made a significant investment (announced 2025), representing a Fund III investment.
- (Firm-level) Revelstoke has completed 180+ total acquisitions across ~26–30 platform companies and 150+ add-ons since 2013, overwhelmingly in healthcare.
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