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Board Leadership • Strategic Advisory

Peregrine

Independent director seats in healthcare and life sciences. Company formation alongside founders, and strategic advisory to owners and sponsors.

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About

Built Around the Board

Peregrine Advisory holds board seats, forms companies alongside founders, and advises owners and sponsors. Capital sometimes accompanies the seat; sometimes the seat is the position itself. Either way, Peregrine leads from the board.

The firm works with owners and founders approaching a transition, and with sponsors and boards building or governing platforms.

Concentrated

Selective by design. A small number of positions, each with real attention.

Aligned

Economics tied to outcomes, whether through invested capital, equity, or board compensation.

Board-Level

Fiduciary board positions with aligned economics. Seats held, not hours billed.

How Peregrine Engages

Four Ways In, One Position

Every engagement resolves to the same place: a board-level seat with aligned economics, whether that alignment takes the form of invested capital, equity, or board compensation. What differs is the entry point. Peregrine concentrates in healthcare and life sciences.

Formation

Founds

Building a company from the ground up, as founder and principal investor. Peregrine takes the earliest risk and the first seat, then stays on the board as the business is built.

Proof
  • NanoKar Therapeutics. Founded and built a next-generation CAR-T biotechnology company.
Co-Investment and Structured Capital

Backs

Minority and structured positions alongside founders and existing owners in profitable lower-middle-market companies, taken with a long-term orientation and a board seat alongside management.

Capital
  • Co-investment alongside founders and existing owners.
  • No fund to raise and no investment period.
Governance

Serves

Independent director seats where governance itself is the engagement.

Proof
  • LifeCare Home Health. Board through turnaround and sale.
  • General Intelligence Holdings. Board.
Strategic Advisory

Advises

Work with owners, management teams, and sponsors on positioning, capital structure, and preparation for a transaction. Engaged directly by owners and boards rather than through an intermediary.

Scope
  • Owners and management teams at an inflection.
  • Sponsors evaluating platforms and add-ons.
Experience

Selected Board Experience

NanoKar Therapeutics

Biotech Platform Build • Founder, Board, Principal Investor

Founded and built a next-generation CAR-T biotechnology company. A University of Utah spinout developing an ITAM signaling optimization platform designed to extend CAR-T persistence and reduce toxicity, with solid tumor efficacy as the next frontier, positioned for partnership with established CAR-T programs.

Key Contributions
  • Co-founded the company and led corporate formation and structuring
  • Negotiated and secured the exclusive University of Utah license
  • Designed the capitalization and financing plan, including seed funding
  • Recruited the CEO and built the management team and board
  • Supported IP and patent strategy alongside management and outside counsel
  • Shaped BD positioning for pharma partners and strategic acquirers

General Intelligence Holdings

AI-Native Holding Company • Essential Service Sectors • Board Member

Acquires and operates established businesses, growing them through technology, capital, and operational support.

Key Contributions
  • Board oversight and governance
  • Shaping the risk framework and capital allocation
  • Advising on sector and platform strategy

LifeCare Home Health Family

Multi-State Home Health and Hospice Platform • Board Role (Prior to Peregrine)

Served on the board through operational turnaround and a successful sale.

Key Contributions
  • Management team recruitment and installation
  • Operational turnaround leadership
  • Strategic repositioning and growth plan
  • Sale process oversight and banker selection
  • Board governance through liquidity event
Leadership

Background & Credentials

Ross Eldridge
Managing Partner
Ross Eldridge

Ross Eldridge is the Managing Partner of Peregrine Advisory. He brings 20+ years across private credit and PE, with deep healthcare specialization. He has led more than $35 billion of transactions across private credit, leveraged finance, and principal investing.

Prior to Peregrine, Mr. Eldridge was a Partner and Chief Originations Officer at White Oak Healthcare Finance. The platform scaled from inception to more than $3.5 billion in assets under management. He served as a voting member of the Investment Committee and originated, structured, or executed the platform's full book.

Other Relevant Experience
  • GE Capital, Healthcare Financial Services
  • American Capital
  • Banc of America Securities
Education
  • The Wharton School of the University of Pennsylvania
  • University of Georgia
  • Furman University
Contact

Start a Conversation

Click to email
falcon@peregrineadvisory.com