SourcingSourcing

PIPER HEARTLAND HEALTHCARE CAPITAL, LLC

C32
CRD 310044·SEC 801-119268·MINNEAPOLIS, MN
AUM
$218.3M
$100M-$500M
Est. Revenue
$2.2M
@ 1% on AUM
Est. EBITDA
$655K
@ 30% margin
Est. Deal Value
$5.2M
@ 8× EBITDA

Identity

Registrations & legal identity

Legal name
PIPER HEARTLAND HEALTHCARE CAPITAL, LLC
CRD
310044
SEC file #
801-119268
EIN
—
DBA names
—

Economics

AUM
$218.3M
AUM band
$100M-$500M
AUM trajectory
'22'26
$137.8M → $218.3M▲ +58%
Client mix
Pooled Investment Vehicles1

Operations

Employees (total)
16
Advisory staff (per ADV)
4
Advisory staff (5-yr trend)
'21'26
2 advisors → 4 advisors▲ +100%
Primary office
MINNEAPOLIS MN
Branches
—

Custodian & Brokerage

Primary custodian
E*Tradelow confidence
Services offered
Portfolio mgmt — pooled vehicles
Fee basis
% of AUMPerformance-based fees

Filings

Latest ADV filing
03/26/2026
ADV-W filed at
—
Website
pipersandler.com

Compliance

Disclosures (firm)
0
Trademark
—
Additional signalsExpand ▾

Ownership & succession ★

Who controls the firm + pre-computed succession flags

Top Owner Name
PIPER SANDLER INVESTMENT GROUP
Top Owner Pct
87.5
Top Owner Entity Kind
DE
Owner Count
5
Control Persons
PIPER SANDLER INVESTMENT GROUP
BALLIS, ALYSSA, LYNN
Solo Advisor Indicator
No
Succession Risk Solo Owner
No
Is Parent Owned Subsidiary
Yes

Availability / M&A ★

Already-acquired = skip; deal comps

Adv W Filed
No

Web presence ★

Stale website = winding down

Web Signal Quality
ok
Rdap Domain
PIPERSANDLER.COM
Rdap Domain Creation Date
2019-06-25T20:05:44Z
Rdap Firm Age Years
7
Rdap Firm Age Band
5-10y
Rdap Registrar
Network Solutions, LLC

Retirement-plan book (Form 5500) ★

401(k)/plan business — cross-sell value

Retirement Plan Book
No

SEC EDGAR

Edgar Registered
No

Compliance & brand

Firm Registration Status
active

All other collected signals (13)

Everything else we've pulled for this record, not yet curated into a section.

Adv W Recently Filed
No
Bc Firm Active Bc Count
0
Bc Firm Active IA Count
0
Bc Firm IAR Count
0
Custodian Candidates
Full
E*trade4
Pershing2
U.s. Bank2
Firm Has Custody
Yes
Mailing Office Differs
No
Rdap Domain Expiration Date
2027-06-25T20:05:44Z
Rdap Domain Last Changed
2026-04-26T06:24:57Z
Rdap Nameservers
Ns-1514.awsdns-61.orgNs-1922.awsdns-48.co.ukNs-429.awsdns-53.comNs-532.awsdns-02.net
Rdap Secure Dns Enabled
No
Rdap Status
Client Transfer Prohibited
Trust Company Affiliate
Yes

People (4)

4
ALYSSA LYNN BALLIS
Executive Officer · 2.5%
5398683
KATHERINE PATRICIA CLUNE
Executive Officer · 2.5%
4624219
JOHN WILLIAM GEELAN
Executive Officer · 2.5%
4905460
MATTHEW STEPHEN HEMSLEY
Executive Officer · 2.5%
4430574