About Us

A family office,
for the long term.

Sopris was founded as the principal investing vehicle of Andy Paul, after sixteen years at Welsh Carson and founding two firms. From the start it has invested a single source of long-term capital — no outside investors, and a time horizon measured in decades.

Founded / Aspen, 2002Elev. / 12,965 ft · Mount Sopris
Our story

How the firm took shape.

01

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.

02

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.

03

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.

04

Going forward.

Today the firm invests long-term capital across four strategies, with the next generation of the family increasingly at the table.

Our Founder
Andy Paul
Andrew M. Paul · AP
Founder and Managing Member
Aspen, Colorado

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.

0
Years investing
$0B+
Capital raised, lifetime
0
IPO board seats · WCAS era
0+
Multi-Year Philanthropic Grantees
Education
  • A.B., Cornell University, 1978
  • MBA, Harvard Business School, 1983
Firms
  • 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
Community
  • Chairman, Jazz Aspen Snowmass
  • Trustee Emeritus, Cornell University
  • Trustee, U.S. Ski & Snowboard Team Foundation
  • Previous Chairman, Cancer Research Institute
  • Previous Trustee, Carnegie Hall
Areas of interest

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.

The mountain the firm is named for
Named for the mountain above Aspen.
Mount Sopris rises west of Aspen — the first peak you see driving in. The firm took its name from it, and something of its temperament: durable and resilient.
Mount Sopris · Elk Range · 12,965 ft
ft12,965 ftWest Sopris12,965 ftEast Sopris12,660 ftSaddle11,500 ftTree line9,500 ftAspen groves8,000 ftRoaring Fork Valley6,565 ftValley floor
Fig. 01 — Footprint
The Modern Firm

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.

Pedigree · alumni firmsExperienced professionals hailing from top tier firms
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