Cohere Capital, founded by former executives from H.I.G. Capital and Gauge Capital, has launched in Boston. The firm will seek to take majority stakes in technology-enabled business and healthcare services companies.

Cohere Capital was co-founded by Nik Shah and Daniel Gedney, two experienced private equity executives who worked at leading firms, including H.I.G. Capital / H.I.G. Growth Partners and Gauge Capital. Shah and Gedney have over 30 years of combined experience investing in and working with growth companies, and they look forward to bringing that experience to their partnerships with entrepreneurs, management teams, and companies.

“Our focus is on finding market leaders that seek a capital and business partner to help execute on the next phase of their growth and strategic plan,” said Shah, Co-Founder and Managing Partner. “We take our partnership approach from our name: Cohere, which means to be united and consistent.”

Gedney, Co-Founder and Principal, added, “Nik and I have known each other for over ten years, including several years together at H.I.G., and I look forward to building a firm and investing with him. We believe that even in a competitive private equity market, the opportunity exists for a differentiated approach. We are excited to start making investments and executing on our strategy.”