Grant Avenue Capital, LLC, a New York-based healthcare-focused private equity firm, announced today that Preston Brice has joined the firm as a Partner.

Mr. Brice will be responsible for sourcing, evaluating and executing middle-market investment opportunities, monitoring portfolio companies and helping to develop the long-term strategy of Grant Avenue Capital.

Prior to joining Grant Avenue Capital, Mr. Brice served as a Managing Director with MBF Healthcare Partners, a middle-market healthcare private equity firm where he led and executed a number of investments. Before MBF, Mr. Brice worked with Apple Tree Partners, a growth-oriented healthcare investment firm.

"Preston's deep healthcare expertise further enhances our ability to identify and complete creative private equity investments as well as to accelerate the growth of our portfolio companies in partnership with management teams," said Buddy Gumina, founder and managing partner of Grant Avenue Capital.  "In addition, his indomitable entrepreneurial spirit will have a profound impact on the expansion of our firm."

Mr. Brice began his career in healthcare investment banking at CIT Group before pursuing his MBA at Columbia Business School.

"What most excites me about Grant Avenue Capital is the firm's culture of team-driven excellence combined with a passion for partnering with first-rate management teams," said Mr. Brice. "As a firm, we continually look for a diverse group of executives to back both in operating and board level capacities."