Frazier Healthcare grows growth buyout practice, promotes two

Frazier Healthcare Partners hired Norwest Equity PartnersChristina Miller Reszka and promoted two members of the Seattle firm’s investment team, Buyouts has learned.

Reszka joined Frazier as a principal within its growth buyout practice, according to a source. Frazier’s second pool of capital focused exclusively on growth buyouts, Frazier Healthcare Growth Buyout Fund IX, raised $780 million in April 2018.

Reszka began her private equity career in August 2009 at Norwest Equity Partners, where she was based out of the middle market firm’s Minneapolis headquarters. Reszka, most recently a principal at NEP, served as a board member on healthcare-related investments, including GoHealth and Surgical Information Systems. 

Prior to NEP, she was an investment banking associate with Craig-Hallum and a credit analyst with LaSalle Bank.

Reszka will report to Managing Partner Nader Naini, who leads Frazier’s Growth Buyout practice.

In addition, Ben Magnano has been promoted to managing partner, while Phil Zaorski has been promoted to principal, the source said.

Magnano joined Frazier in 2006 and is a board member of Frazier companies including Caravel Autism Health, Comprehensive Pharmacy Services, Matrix Medical Network, Northfield Medical and Parata. Magnano was named a general partner in 2013.

Zaorski, who joined Frazier in 2012, has been involved with the firm’s investments in AppianRx, Comprehensive Pharmacy Solutions, Northfield Medical and Vein Clinics of America.

Other senior members of Frazier’s Growth Buyout practice include General Partners Nathan Every and Brian Morfitt.

Action Item: Check out Frazier’s latest Form ADV: