Glenn Rockman

Founding Partner / New York

Glenn Rockman Close Bio
Glenn Rockman in the Adjuvant Capital office.

Prior to Adjuvant, Glenn launched and then co-managed the Global Health Investment Fund (GHIF), which was sponsored by the Bill & Melinda Gates Foundation and structured by J.P. Morgan’s Social Finance unit, where Glenn was an Executive Director. He is still active on a number of GHIF projects, including board seats on a number of innovative life sciences companies such as Univercells, Themis, and EuBiologics. Glenn also represented GHIF’s interests as a director at IanTech, which was acquired by Carl Zeiss Meditec in 2018.

Prior to his GHIF role, Glenn spent more than a decade as an investment banker at J.P. Morgan, where his practice focused on serving the financing needs of research institutions, charitable foundations, universities, and other non-profit organizations. He earned an AB in public policy from the Woodrow Wilson School of Public & International Affairs at Princeton University.

Jenny Yip

Partner / San Francisco

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Jenny Yip in the Adjuvant Capital office.

Jenny has worked in finance for more than 16 years, beginning as an investment banker advising corporate clients in mergers and acquisitions, and debt and equity financings at Goldman Sachs’ Hong Kong, New York, and San Francisco offices. She has always been passionate about improving the health and lives of those living in low- and middle-income countries and spent time working and living in Kenya and China. In Kenya, Jenny spent almost a year as a volunteer consultant for Technoserve, a non-profit business consultancy for small-holder farmers and small to medium businesses.

In 2012, the Bill & Melinda Gates Foundation (BMGF) was expanding its strategic investment efforts from a pilot program to a larger scale fund. As part of a small but growing team, Jenny pushed the envelope on how private foundations could achieve charitable objectives by using philanthropic capital and program-related investments to complete equity, debt, structured finance, and guarantee investments in companies and investment funds. Jenny led transactions across the foundation’s focus areas in global health, agriculture, nutrition, and education. She represented BMGF’s interests on numerous boards including Kymab (UK), Acrobatiq (US), Ustar Technologies (China), and Owl Ventures (USA). She also serves on the Investment Advisory Committee at the Reproductive Health Investors’ Alliance (US).

Jenny graduated magna cum laude from Harvard University with an AB in History of Science.

Kabeer Aziz

Principal / New York

Kabeer Aziz Close Bio
Kabeer Aziz in the Adjuvant Capital office.

Kabeer helped found Adjuvant Capital after three years with the Global Health Investment Fund (GHIF). While at GHIF he was responsible for sourcing and analyzing new opportunities, including co-leading the fund’s investments in Univercells, Themis, Access Bio, and Atomo Diagnostics. He has supported projects across the entire GHIF portfolio and continues to be involved as a board observer to several active partnerships.

Prior to GHIF, Kabeer was an investment professional at Metalmark Capital, a private equity fund in New York, where he focused primarily on medical device investments. Kabeer also spent time at Greenhill & Co., a boutique investment bank, where he advised on M&A transactions in the biopharmaceutical and medical technology sectors. He graduated with honors from the Stern School of Business at New York University with a BS in Finance & Economics.

Charlie Petty

Principal / New York

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Charlie Petty in the Adjuvant Capital office.

Charlie helped found Adjuvant Capital while at the Global Health Investment Fund (GHIF) where he focused on investments in medical device companies, including the fund’s investments in IanTech (acquired by Zeiss) and Alydia Health.

Before joining GHIF, Charlie was with Artemis Capital Partners, where he made private equity investments in industrial technology companies with a focus on the scientific instrumentation and advanced materials sectors. Previously, he lived in Haiti and worked at the country’s largest microfinance bank, Sevis Finansye Fonkoze, where he led financial and operational analysis efforts. Charlie remains active in Haiti and serves on the boards of Sevis Finansye Fonkoze and Fonkoze USA. He is a graduate of the Virginia Polytechnic Institute.

Michael Chang

Principal / New York

Michael Chang Close Bio
Michael Chang in the Adjuvant Capital office.

Michael joined the Adjuvant investment team from the Bill & Melinda Gates Foundation (BMGF) where he worked with its Global Health Division and Strategic Investment Fund to structure investments into biotech companies, leading academic centers, and other non-profit organizations that have the goal of stimulating technological innovation in global health. Michael has experience investing in the development of drugs, vaccines, diagnostics, and health data solutions across a range of high-burden and neglected disease areas.

Before joining BMGF, Michael spent several years covering the specialty pharmaceuticals sector as an equity research analyst at Piper Jaffray in New York. Michael started his career in the investment banking practice at Stifel where he focused on mergers and acquisitions advising. He earned a BA in International Relations from Johns Hopkins University.

Lilly deSouza Burr

Associate / New York

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Lilly deSouza Burr in the Adjuvant Capital office.

Lilly joined the Adjuvant investment team from Citi, where she was a senior associate in Citi’s healthcare investment banking group, advising clients across the biotech, pharma, medtech and services sectors on strategic and operational planning, M&A transactions and equity and debt financings. Prior to Citi, Lilly practiced law in the M&A group at Davis Polk & Wardwell, LLP. Lilly also spent time before law school at the Neurosciences Clinic at the Ottawa Hospital, where she managed a clinical neurosurgery practice and focused on spinal cord injury research.

She holds a JD from Georgetown University Law Center and a BS from the University of Ottawa.

Evelyn Yanatos

Finance Director / New York

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Evelyn Yanatos in the Adjuvant Capital office.

Evelyn is a senior financial professional and provides outsourced operational, regulatory, and audit and tax oversight services to Adjuvant. She has extensive experience in investment analysis and valuation, fundraising, SEC and other financial reporting, accounting, audit and tax.

Evelyn received a BS in Accounting from Binghamton University and an MBA from the Fordham Gabelli School of Business.  She is a Certified Public Accountant in New York State.

Gerard Cunningham

Operating Partner

Gerard Cunningham Close Bio
Gerard Cunningham in the Adjuvant Capital office.

Gerard is the founder and principal at Innovations for Global Health (iGH) and has 25 years of experience in the pharmaceutical and global health space. He has worked in the vaccine arena for close to two decades and led the new vaccine planning function at Merck. Gerard established iGH to support the assessment, acceleration, introduction, and execution of global health innovations. He is guided by the belief that such innovations can significantly improve public health outcomes in low- and middle-income countries. Gerard leads iGH’s support for the Global Health Innovation Fund as its senior advisor.

Gerard spent more than three years working at the Bill & Melinda Gates Foundation (BMGF) where he supported the HIV, TB, and malaria program teams, and worked closely with a range of partners including multinational corporations, emerging market manufacturers, the WHO, UNICEF, Gavi, and others to support delivery of new vaccines and polio eradication.

During his tenure at BMGF, Gerard negotiated several partnerships to drive access to new vaccines. He was responsible for assessments of new technologies for the inactivated polio vaccine (IPV) as well as partner/supplier assessments, providing leadership for technical, financial and legal diligence efforts for multiple manufacturers.

Gerard has an MA (Engineering) and a M. Eng. (Manuf. Engineering) degree from Cambridge University, in addition to an MBA (Marketing & International Business) from the University of Michigan.

Curt LaBelle

Venture Partner

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Curt LaBelle in the Adjuvant Capital office.

Curt has been investing in healthcare companies for over 16 years. He has served as a board member or observer for many successful companies, including KAI Pharmaceuticals (sold to Amgen), Sirion Therapeutics (sold to B&L and Alcon), Impulse Monitoring (sold to NuVasive), TransMolecular (sold to Morphotek), Estech (sold to Atricure), Coherex (sold to J&J), Exagen Diagnostics, SafeOp and others. Curt was previously a managing director at Tullis Health Investors and a vice president at Investor Growth Capital. He holds a BS in economics from Brigham Young University, and both MD and MBA degrees from Columbia University.

Mark Sullivan

Venture Partner

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Mark Sullivan in the Adjuvant Capital office.

Mark Sullivan has 11 years executive management, advisory board, and board of directors experience in biotechnology and 28 years of experience in clinical development within the biotechnology, large pharmaceutical, contract services, and academic sectors. His drug development experience encompasses project leadership of five biopharmaceutical products, with his most recent program securing FDA approval in June 2018, and extensive practical experience implementing clinical studies across all stages of development.

Mr. Sullivan led the team responsible for one of GHIF’s more rewarding social and financial investments: seeing the moxidectin program through the final stages of development and securing regulatory approval for the drug as the first new treatment for onchocerciasis registered with the FDA in more than 20 years.