How the firm took shape.
Rooted in healthcare investing.
Sopris began in healthcare — building and backing companies in services and technology, and learning to invest patiently alongside the people running them.
Expanding across asset classes.
Over time the firm carried that approach into private equity, real estate, and special situations — one balance sheet behind several strategies.
A history of incubating platforms.
Again and again, Sopris has helped start and scale companies from the ground up, staying involved long after the first investment.
Going forward.
Today the firm invests long-term capital across four strategies, with the next generation of the family increasingly at the table.
Andy Paul founded Sopris Capital in 2002 in Aspen, as the principal investing vehicle that would carry forward what he had learned across the prior two decades.
He arrived at Welsh, Carson, Anderson & Stowe in 1984, fresh out of Harvard Business School and a year at Hambrecht & Quist Venture Partners. Across sixteen years there, he served as a Managing General Partner on the Management Committee with joint responsibility for healthcare investing, sitting on the boards of eleven companies that completed public offerings. He left in 2000 to found Enhanced Capital Partners; co-founded Enhanced Healthcare Partners in 2005; and in 2002 began what would become today’s Sopris — a single source of permanent capital.
He lives in the Roaring Fork Valley with his wife Margaret. They have four grown children, three of whom are actively involved in Sopris and integral to the firm’s succession plan.
- A.B., Cornell University, 1978
- MBA, Harvard Business School, 1983
- Hambrecht & Quist Venture Partners · Associate · 1983–84
- Welsh Carson Anderson & Stowe · Managing General Partner · 1984–2000
- Enhanced Capital Partners · Founder & Chairman · 1999
- Enhanced Healthcare Partners · Co-founder & Managing Partner · 2005
- Sopris Capital · Founder · 2002
- Chairman, Jazz Aspen Snowmass
- Trustee Emeritus, Cornell University
- Trustee, U.S. Ski & Snowboard Team Foundation
- Previous Chairman, Cancer Research Institute
- Previous Trustee, Carnegie Hall
Where we tend to invest.
Healthcare & Health Services
Tech-enabled services, behavioral health, outpatient and support care.
B2B & Business Services
Privately-held services businesses and distribution.
Industrials & Light Manufacturing
Specialty contracting and essential manufacturing.
Energy & Infrastructure
Energy services, infrastructure, environmental services, and utilities.
Real Estate
Co-investments and smaller-balance positions in overlooked deals.
Technology & Special Situations
Complex and structural situations driven by technological change.
Active in six US cities, deployed across four continents with a heavy US emphasis.
Six offices — Aspen, Denver, Dallas, Charleston, Miami, and New York — anchor a portfolio of seventy active investments with operations across the United States, Canada, the United Kingdom, Scotland, Ireland, and Hong Kong.
Sopris hires best-in-class talent and retains it.
- Admiral Capital Group
- Bain Capital
- Black Diamond Capital
- BlackRock
- Boston Consulting Group
- Citibank
- Citigroup
- Enhanced Healthcare Partners
- Galaxy Digital
- Goldman Sachs
- Hambrecht & Quist
- Harbor Road Holdings
- Industrial Opportunity Partners
- Jefferies
- JPMorgan
- Linden Capital Partners
- Macquarie Capital
- Morgan Stanley
- Partners Group
- SL Green
- Welsh, Carson, Anderson & Stowe
- Wheelock Street Capital

