https://techcrunch.com/2021/09/30/kevin-ryans-alleycorp-is-giving-these-physicians-100-million-to-invest-in-healthcare/

Kevin Ryan — the New York-based investor and entrepreneur who first rose to prominence as CEO of the early online ad business DoubleClick — could have launched or joined a traditional venture firm many years ago. Instead, he has launched one company after another with largely his own capital at the outset to get them going. Think Business Insider and Gilt Groupe, MongoDB and Zola.

Ryan is still at it, investing a $500 million evergreen fund with primarily personal capital through a growing team that also chips into the fund and helps him both fund startups as well as to incubate them. Interestingly, despite that Ryan has no background in healthcare, more of those dollars have been moving into healthcare, too. His investment firm, AlleyCorp, has already made 20 healthcare related bets in recent years. Now, it’s carving out $100 million for a new fund to double down on the sector.