Cimarron Healthcare Capital, LLC

CandidateSEC-registered adviser· Salt Lake City, UtahCIMARRONHC.COM

Cimarron Healthcare Capital partners with lower middle-market healthcare businesses to accelerate growth, improve outcomes, and deliver long-term value. Discover our focused investment strategy and proven approach.

In the firm's own words, from its website.

Reported fund assets
$498M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
8
Latest vintage
2022
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

12 additional team members, 4 additional investments, funds and LPs, 8 events, 2 verified contacts (1 general firm email, 1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Nothing material in the last 180 days.

People to know

View all people

Relationship network

24 connected entities

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person
›How strength and recency are read

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Cimarron Healthcare Capital, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Cimarron Healthcare Capital, LLC

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

1 company on record, 0 new in 12 months

Investments on record

1 company, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
See docsportfolio listingunknownunknownunknownunknownSep 14, 2026Fact Firm website

Stated thesis versus observed behaviour

1 observed deals
Stated (the firm’s website)
Sectors
healthcare
Stages
not stated or not yet read
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate no observed dealsfollow-on rate no observed dealsnew companies, 12 months 0

Team

16 current, 0 departed

Decision makers

who to call first, and why; then everyone else by function
  • James Dyreng Nadauld · Managing Partner
    Why this person: Managing partner: runs the firm; Named with investment responsibility
  • Jason Joel Vandenakker · Managing Partner
    Why this person: Managing partner: runs the firm; Named with investment responsibility
  • Nicholas David Smith · Managing Partner
    Why this person: Managing partner: runs the firm; Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team

16 current, 0 departed

Contacts

1 general firm email, 1 firm phone

1 general firm email, 1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

6 vehicles, 0 LPs disclosed

Funds and vehicles

6 reported, 1 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Cimarron Continuation Fund LPContinuation vehicle · ADV: Private Equity Fund2022 adv first reportedActive deployment$178M
Mar 26, 2026
41$0Mar 19, 2021
Cimarron Healthcare Capital Fund Ii-B, LPFeeder or parallel · ADV: Private Equity Fund2022 adv first reportedActive deployment$7.9M
Mar 26, 2026
26unknownunknown
Cimarron Healthcare Capital Fund Ii-A, LPFeeder or parallel · ADV: Private Equity Fund2022 adv first reportedActive deployment$2.4M
Mar 26, 2026
2unknownunknown

Limited partners

0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.

Known LPs and allocators

0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.

Relationships across DFX

1 co-investors · on 3 other DFX graphs

Co-investors

1 counted from shared deals, for the whole firm

Compare portfolios with Avalanche Vc, LLC or any firm. Co-investors across the market

Across DFX and the capital chainon 3 other DFX graphs Show
Across DFX
Across the graphs

Cimarron Healthcare Capital, LLC is the same institution as 3 records in Independent Sponsors, Private Equity and RIA and Wealth.

Independent Sponsors1Private Equity1RIA and Wealth1

DFX found 3 relationships across 3 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Checking your plan…

Evidence and history

13 dated events, 51 observations from 3 sources

Timeline

13 dated events
  1. seen on or beforeSep 24, 2026
    Cimarron Healthcare Capital, LLC: PE_WITH_VENTURE_ACTIVITY -> CANDIDATE_VC (no sworn venture fact yet (name or round mention only))
    Classification changedClassificationInference
  2. Jan 1, 2023
    Nicholas David Smith joined Schedule A of Cimarron Healthcare Capital, LLC as Managing Partner
    Person joinedPeopleFactNicholas David SmithForm ADV
  3. Mar 31, 2022
    Cimarron Continuation Fund LP first reported on Form ADV by Cimarron Healthcare Capital, LLC (Private Equity Fund), GAV $176,527,830
    Fund first reported on Form ADVFundsFactCimarron Continuation Fund LPForm ADV
  4. Mar 31, 2022
    Cimarron Healthcare Capital Fund II, LP first reported on Form ADV by Cimarron Healthcare Capital, LLC (Private Equity Fund), GAV $98,666,267
    Fund first reported on Form ADVFundsFactCimarron Healthcare Capital Fund II, LPForm ADV
  5. Mar 31, 2022
    Cimarron Healthcare Capital Fund Ii-A, LP first reported on Form ADV by Cimarron Healthcare Capital, LLC (Private Equity Fund), GAV $2,011,623
    Fund first reported on Form ADVFundsFactCimarron Healthcare Capital Fund Ii-A, LPForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 26, 2026 · 7 private fundsShow
Headquarters
Salt Lake City, UTadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
SEC adviser type
Registered investment adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
Mar 26, 2026
Private funds reported
7 (0 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$525Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Regulatory AUM
$400Mthe adviser's RAUM, a regulatory measure, never a fund size
Employees
7

Classification history

Every classification this record has carried2 on recordShow
  1. Sep 24, 2026
    Candidate (candidate, 50%)
    No sworn venture fact yet (name or round mention only)
  2. Sep 12, 2026
    Private equity with venture activity (probable, 75%)
    Registered adviser; venture funds are 0% of 7 private funds

Evidence

58 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
SEC adviser typeRegistered investment adviserMar 26, 2026FactForm ADV
SEC adviser typeRegistered investment adviserMay 15, 2024FactForm ADV
First Form ADV filing2016-01-04Mar 26, 2026FactForm ADV
First Form ADV filing2016-01-04May 15, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-30Oct 1, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-26Mar 26, 2026FactForm ADV
Latest Form ADV filing2024-05-15May 15, 2024FactForm ADV
Venture share of reported funds0Mar 26, 2026FactForm ADV
Venture share of reported funds0May 15, 2024FactForm ADV
Business phoneMay 15, 2024FactForm ADV
Contact page urlSep 30, 2026Fact
Contact page urlSep 16, 2026Fact
DescriptionSep 30, 2026Fact
DescriptionSep 16, 2026Fact
DescriptionSep 14, 2026Fact
Employees7May 15, 2024FactForm ADV
HeadquartersSalt Lake City, UTMay 15, 2024FactForm ADV
Office addressMay 15, 2024FactForm ADV
Portfolio pageSep 30, 2026Fact
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 14, 2026Fact
Private funds reported7Mar 26, 2026FactForm ADV
Private funds reported7May 15, 2024FactForm ADV
Private fund gross assets (reported)$525MMar 26, 2026FactForm ADV
Private fund gross assets (reported)$393MMay 15, 2024FactForm ADV
Regulatory AUM (adviser, not fund size)$400MMay 15, 2024FactForm ADV
Stated sectorshealthcare
“sector words on the home page”
Sep 30, 2026Fact
Stated sectorshealthcare
“sector words on the home page”
Sep 16, 2026Fact
Stated sectorshealthcare
“sector words on the home page”
Sep 14, 2026Fact
Team pageSep 30, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 14, 2026Fact
Venture funds reported0Mar 26, 2026FactForm ADV
Venture funds reported0May 15, 2024FactForm ADV
WebsiteMay 15, 2024FactForm ADV
Site titleSep 30, 2026Fact
Site titleSep 16, 2026Fact
Site titleSep 14, 2026Fact
How this is scored
Scores, classification basis and filing advisersCandidate, candidateShow
Importance
5
low
Active deployment
0
low
Emerging
0
low
Freshness
100
high
CandidateSEC registered investment adviser

No sworn venture fact yet (name or round mention only)

The inputs behind each score
importance
gav: 0 · funds: 0 · people: 0.32 · investments: 0 · scale basis: Venture-typed funds only (Candidate): 0 funds, $0M of $498M reported · co investors: 0
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
emerging manager
fund count: 7 · reported gav: $498M · first adv filing: 2016-01-04 · years since first filing: 10.7

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

2 dated events on the change ledger, latest event first
  • Organization classification changed
    2026-09-24
  • Adviser's first ADV filing
    2016-01-04source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.