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Principal Investing • Board Leadership

Peregrine
Advisory

Principal capital, board leadership, and strategic advisory across healthcare, life sciences, and financial services platforms.

$35B+
Closed Transactions
$3.5B+
Platform Built
20+
Years Investing Experience
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About

An Operator-Principal Platform

Peregrine Advisory is a concentrated operator-principal platform. Twenty years across private credit, leveraged finance, and principal investing, with deep healthcare specialization and active engagements across financial services and investment platforms. Principal work: capital committed, a board seat held, an outcome owned.

Peregrine is not a banker. There is no deal fee to chase. Not a consultant. No slides, no retainer, no weekly deliverables. Not a fractional executive. The company's management team stays the management team. Peregrine operates where value is determined: at the board, with capital alongside.

Peregrine engages with founders raising institutional capital, CEOs of sponsor-backed platforms at strategic inflection, boards preparing for exit, and institutional partners architecting new platforms.

Concentrated

Three to five active engagements at any time. Capacity, not capacity utilization.

Principal

Proprietary capital invested alongside management where structure permits. Economic alignment on day one.

Board-Level

Seats held, not hours billed. In the room where decisions are made, not the room where they are reported.

Equity-Linked

Compensation aligned to the outcome. No default retainer model.

Network

The Ecosystem Behind the Work

Twenty years of relationships across institutional capital, operating companies, and the specialist talent that closes deals and scales platforms. Every engagement draws on a network built one transaction at a time.

Capital

Private equity sponsors. Venture capital funds. Family offices. Institutional LPs. Relationships at the MD and principal level, developed across more than $35 billion of executed transactions.

Operators

CEOs, C-suite executives, and directors across healthcare, healthcare services, and adjacent sectors. The talent Peregrine recruits into portfolio companies and the boards it builds alongside them.

Advisors

Investment bankers, specialized counsel, and execution partners, pre-vetted and deployable per mandate. The bench that runs processes, structures transactions, and closes.

A principal's perspective, without a principal's bureaucracy.

Capabilities

Services

01

Principal Investing & Co-Investment

Co-found companies at inception. Co-invest alongside founders, sponsors, and institutional partners through growth, inflection, and exit. IP strategy, capitalization architecture, team build, and positioning for institutional capital or strategic outcomes. Proprietary capital invested alongside management at every stage.

02

Independent Director & Board Leadership

Independent director and strategic advisor roles on private companies, sponsor-backed platforms, and investment businesses. Decisions made with the CEO, not around the CEO. Seats held, not hours billed.

03

Origination & Sales Team Build

Design and scale origination functions and commercial teams. Pipeline architecture, incentive structure, and BD leadership. Two decades building origination teams from startup through institutional scale.

04

Capital Strategy & Structuring

Structure, position, and negotiate institutional capital partnerships. A principal's perspective on the structuring process, informed by experience on both sides of the table.

05

Platform & Operational Build

Design the operating architecture that lets a business scale without breaking. Hiring plans, technology systems, organizational structure, and process design. Applied across investment platforms, operating companies, and early-stage ventures.

06

Investment Committee & Portfolio Oversight

Voting IC roles on investment platforms. Credit underwriting discipline, deal evaluation, risk framework design, and portfolio construction oversight.

Coverage & Engagements

Where the Firm Operates

Healthcare Coverage
Biotech & Therapeutics Cell & Gene Therapy Pharma Services Medical Devices Diagnostics Digital Health Hospitals Skilled Nursing Home Health & Hospice Behavioral Health Physician Practices Healthcare Real Estate Specialty Pharmacy
Investment Platforms & Financial Services
Private Credit Specialty Finance Direct Lending BDCs Leveraged Finance Asset Management Insurance-Affiliated Credit Private Equity Venture Capital
Selected Board Experience

NanoKar Therapeutics

Biotech Platform Build • Co-Founder, Board, Principal Investor

Co-founded a next-generation CAR-T biotechnology company from inception. Leading the licensing strategy with a major research university, directing capitalization and growth financing, building the management team, and positioning the company for strategic partnerships and institutional investment.

Key Contributions
  • University licensing strategy and negotiation
  • Capitalization and growth financing plan
  • Management team and board build
  • Strategic partnership positioning
  • Readiness for first institutional round

General Intelligence Capital

Private Credit & Public Markets • AI-Native Platform • Board & Investment Committee

Two investment strategies on a single AI-native platform: ATLAS for public markets and VALIS for private credit secondaries. GIC's proprietary intelligence infrastructure deploys AI agents to source, analyze, debate, and monitor investments continuously, compounding insight with every market cycle. Serving on the board and investment committee since launch.

Key Contributions
  • Investment committee oversight and governance
  • Private credit strategy and deal evaluation
  • Risk framework and portfolio construction
  • Capital formation and institutional partnerships
  • Strategic direction and platform scaling

LifeCare Home Health Family

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

Prior to founding Peregrine, served on the board of a multi-state platform delivering Medicare-certified home health, private duty, and hospice services through a family of trusted local brands across Texas, Florida, and Nevada. Led board-level work on management team recruitment, operational turnaround, and strategic repositioning through a successful liquidity event.

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
Founder & Managing Principal
Ross Eldridge

Ross Eldridge is the Founder and Managing Principal of Peregrine Advisory. He brings over 20 years of experience in private equity and private credit, with deep healthcare specialization. He has originated, structured, or executed more than $35 billion in transactions, investing across the capital structure.

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
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