Piper Sandler Merchant Banking
Piper Sandler Merchant Banking (PSMB) is the growth equity investment arm of Piper Sandler Companies, seeking investments in private, commercial-stage businesses with strong growth prospects. The group focuses on equity and equity-linked securities, recapitalizations, secondary stock purchases, and change of control transactions across healthcare, technology, consumer, and tech-enabled business services sectors.
They made 1 investments in the last 12 months. Average disclosed round size is $67.7M (across 8 rounds with reported amounts).
Portfolio
7
Fund Size
$130M
Top Stage
Series C
Last 12 Mo
2
Team
Robert Rinek
Managing Director and Partner
Seth Harward
Managing Director
Ted Christianson
Managing Director
Toby AuWerter
Managing Director
Scott LaRue
Investment Committee Member
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
| CCereVasc, Inc. | Series C | $85M | Jun 2026 |
| CCereVasc, Inc. | Series C | $85M | Jan 2026 |
| IIntegrity Orthopaedics, Inc. | Series B | $20.6M | Apr 2024 |
 Apkudo | Series C | $37.5M | Feb 2023 |
 Elligo Health Research | Series E | $135M | Sep 2021 |
 Elligo | Series E | $135M | Sep 2021 |
 Infinicept | Growth | $23M | Jan 2020 |
| IIntegrity Orthopaedics | Series B | $20.6M | — |
Top Co-Investors
Last updated: 9 September 2026