PitchBook June 03, 2015
Thanks in part to those within the private equity and banking industry, the national movement Cycle for Survival has raised over $25 million this year for rare cancer research. One of the banking professionals helping this movement take off is Piper Jaffray’s Head of Financial Sponsor Coverage, Larry Zimmerman. Read more about Cycle for Survival and Larry’s involvement with this great cause in our Q&A below.
What is Cycle for Survival?
Cycle for Survival is the national movement to beat rare cancers. 100 percent of every donation funds rare cancer research. About half of all cancer patients are fighting a rare cancer, and they often face limited or no treatment options. Since 2007, Cycle for Survival has raised more than $75 million through its signature indoor team cycling events across the U.S. to help fund pioneering rare cancer research led by Memorial Sloan Kettering Cancer Center, which owns and operates Cycle for Survival. Together with the movement’s founding partner, Equinox, Cycle for Survival has supported innovative clinical trials, research studies and major research initiatives.
Unfortunately, most of us have either been directly or indirectly impacted by cancer—and funding research by participating in Cycle for Survival is the best way to fight back. – Larry Zimmerman
Why are you involved in Cycle for Survival?
We ride to honor and celebrate our 14-year-old daughter, Perry, who is a three-time cancer survivor. We have been a top five fundraising team since 2010. For the past six years, my wife Anne and I have been the captains of “Team Perry.” Perry’s an inspiration to the team and a fiercely competitive fundraiser. Earlier this year, she took on Seth Meyers in a much buzzed-about fundraising battle.
How has Cycle for Survival grown?
Cycle for Survival is the fastest-growing athletic fundraiser in the country. In 2009, it raised $1.2 million. This past year it raised over $25 million. In 2015, more than 21,000 participants rode in 13 cities across the country. Most importantly, Cycle for Survival has supported more than 100 clinical trials and research studies to discover new and better treatment options for rare cancer patients.
How can people reading this get involved?
Start a team with your colleagues. 600 corporate teams rode across the country this year, including Piper Jaffray, where we have supported the event at the corporate level and had more than 20 people participate in New York, Chicago and San Francisco for each of the past four years. Unfortunately, most of us have either been directly or indirectly impacted by cancer—and funding research is the best way to fight back. Participating in Cycle for Survival unites employees from every part of the company. Last year, PE firms including Apollo, Ares, Blackstone, Investcorp, New Mountain and Odyssey rode together at the same time, competing for top fundraising spots and getting an incredible workout—all in the name of rare cancer research. Join the Battle!
The next events are slated to take place in February/March 2016, so there’s plenty of time to get organized. For more information about upcoming events, email Ashley Taylor at Ashley@CycleforSurvival.org or click here.