# Ally Bridge Group: portfolio, investments and team

> Ally Bridge Group is a private equity based in Hong Kong SAR China. 24 investments on record, 3 in the last 12 months, latest Jul 2026.

Source: https://millionrounds.com/fund/ally-bridge-group (Millionrounds; every figure on the page links to its filing or article)

Hong Kong SAR China · [Investor](https://millionrounds.com/investors)

# Ally Bridge Group

Last cheque observed Jul 2026; 24 cheques on record.

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Private equity Deploying now

Seed Series A Series B Connected Health Healthier Living Healthtech

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Deploying now

**60%** of best year **3** **cheques in 12 months**, 24 on record

Since the last cheque **113** days **00** hrs **00** min **00** sec

Median round **$100M** Rounds led **6 of 24** Sole investor **5 rounds** Mostly in **United States, 65%**

Pitch Ally Bridge Group

## Ally Bridge Group highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Series A and Series B: 50% of its rounds
- 03 Sole investor in 5 rounds, median $14M

## What they do

> Ally Bridge Group is a global healthcare investment management firm. From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Connected Health Healthier Living Healthtech
- **Based in:** Hong Kong, Hong Kong SAR China
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **24 appearances**

- **2026** 3 rounds
- **Jul** **[AdvanCell](https://millionrounds.com/company/advancell)** Series D · AU · QRM Capital **$315M** *Led*
- **Mar** **[Imperative Care, Inc.](https://millionrounds.com/company/imperative-care-inc)** US · Elevage Medical Technologies **$100M** With 6 others
- **Jan** **Biobeat Technologies, Ltd.** Series B · IL · Elevage Medical Technologies **$50M** *Led*
- **2025** 2 rounds
- **Sept** **[Galvanize Therapeutics, Inc](https://millionrounds.com/company/galvanize-therapeutics-inc)** Series C · US · Elevage Medical Technologies **$100M** With 10 others
- **Aug** **[SetPoint Medical](https://millionrounds.com/company/setpoint-medical)** Series D · US · Elevage Medical Technologies **$140M** *Led*
- **2021** 2 rounds
- **Sept** **[Elligo Health Research](https://millionrounds.com/company/elligo-health-research)** Series E · US · Hatteras Venture Partners **$135M** *Led*
- **Feb** **[Mainstay Medical Holdings plc](https://millionrounds.com/company/mainstay-medical-holdings-plc)** Growth · IE · Capricorn Partners **$108M** *Led*
- **2019** 2 rounds
- **Dec** **[Imperative Care](https://millionrounds.com/company/imperative-care)** Series C · US · FinSMEs **$85M** *Led*
- **Dec** **[Venclose](https://millionrounds.com/company/venclose)** Series C · US · FinSMEs **$27M** Sole investor
- **2018** 3 rounds
- **Nov** **[GenFleet Therapeutics](https://millionrounds.com/company/genfleet-therapeutics)** Series A · CN · China Money Network **$17M** Sole investor
- **Jun** **[I-Mab](https://millionrounds.com/company/i-mab)** Series C · CN · FinSMEs **$220M** With 6 others
- **Apr** **[Innovent](https://millionrounds.com/company/innovent)** Series E · HK · FinSMEs **$150M** With 7 others
- **2017** 1 round
- **May** **[Wacai](https://millionrounds.com/company/wacai)** CN · China Money Network **$42M** With 3 others
- **2015** 5 rounds
- **Sept** **[Tunitas Therapeutics](https://millionrounds.com/company/tunitas-therapeutics)** Series A · US **$10M** With 2 others
- **Aug** **[Cold Genesys](https://millionrounds.com/company/cold-genesys)** Series B · US **$10M** With 3 others
- **May** **[Shockwave Medical](https://millionrounds.com/company/shockwave-medical)** Series B · US **$40M** With 4 others
- **Apr** **[Alzheon](https://millionrounds.com/company/alzheon)** Series A · US **$10M** Sole investor
- **Jan** **[Hua Medicine](https://millionrounds.com/company/hua-medicine)** Series B · CN **$25M** With 1 other
- **2014** 5 rounds
- **Dec** **[3-V Biosciences](https://millionrounds.com/company/3-v-biosciences)** Series D · US **$29M** With 3 others
- **Dec** **[Conventus Orthopaedics](https://millionrounds.com/company/conventus-orthopaedics)** Series A · US **$24M** With 4 others
- **Nov** **[PIERIS Proteolab](https://millionrounds.com/company/pieris-proteolab)** **$8.2M** With 5 others
- **Jul** **[Cold Genesys](https://millionrounds.com/company/cold-genesys)** Series A · US **$14M** Sole investor
- **Apr** **[Otonomy](https://millionrounds.com/company/otonomy)** Series D · US **$49M** With 11 others
- **2013** 1 round
- **Nov** **[ImmunGene](https://millionrounds.com/company/immungene)** Series A · US · finsmes.com **$9.0M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **6 named**

CL **Chun Lok Wong** Chief Financial Officer i Form ADV

FY **Fan Yu** Director of Shareholder i Form ADV

KW **Kevin William Corb** Chief Financial Officer i Form ADV

MN **Michael Novick Bendetson** COO, Head of Legal & Chief Compliance Officer i Form ADV

SP **Slanix Paul T Alex** President & Portfolio Manager i Form ADV

ZC **Zeyun Cai** Chief Compliance Officer i Form ADV

We also hold **13** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$1.7B** assets it manages, 2 advisers combined Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** ALLY Bridge Group (ny) LLC
- **SEC number:** CRD 315273

Funds on its Form ADV

**9** private funds, **$1.3B** in gross assets · filed Mar 2024

Private equity **6** Hedge **3**

- Ally Bridge Group-WTT Global Life Science Capital Partners, L.P. *Private equity* 77 investors $641M
- Ally Bridge Medalpha Master Fund L.P. *Hedge* 31 investors $226M
- Ally Bridge Group Capital Partners II, L.P. *Private equity* 12 investors $153M
- Ally Bridge Group Global Life Science Capital Partners V, L.P. *Private equity* 13 investors $138M
- Ally Bridge Medalpha International Fund Limited *Hedge* 21 investors $107M
- Ally Bridge Group Innovation Capital Partners III, L.P. *Private equity* 12 investors $16M
- Themes Investment Partners II, L.P. *Private equity* 16 investors $3.2M
- Ally Bridge Group (Abg) *Private equity* 14 investors $2.7M
- Ally Bridge Medalpha US Fund L.P. *Hedge* 9 investors $2.0M

## What they claim to have backed

From their own portfolio page (on their website)

**1** of 1 we have independently watched raise

[Jump](https://millionrounds.com/company/jump)

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Seed Series A Series B

Median round joined **$100M** the round, not its cheque Alone, median **$14M**

Led 6 of 24 rounds **25%**

- **Sole investor:** 5 rounds
- **Last cheque:** Jul 2026

Rounds by stage said on their site

- Series A said *6*
- Series B said *4*
- Series C *4*
- Series D *4*
- Series E *2*
- Seed said *-*
- Growth said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Bain Capital Life Sciences](https://millionrounds.com/fund/bain-capital-life-sciences) 3
- [Catalio Capital Management](https://millionrounds.com/fund/catalio-capital-management) 3
- [Elevage Medical Technologies](https://millionrounds.com/fund/elevage-medical-technologies) 3
- [Norwest Venture Partners](https://millionrounds.com/fund/norwest) 3
- [Sofinnova Partners](https://millionrounds.com/fund/sofinnova-partners) 3
- [Deerfield](https://millionrounds.com/fund/deerfield) 2

**Pitching Ally Bridge Group?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Ally Bridge Group. A count of rooms they were both in, not a relationship either has claimed.

[**Bain Capital Life Sciences** Private equity **3** rounds together](https://millionrounds.com/fund/bain-capital-life-sciences)[**Catalio Capital Management** VC firm **3** rounds together](https://millionrounds.com/fund/catalio-capital-management)[**Elevage Medical Technologies** VC firm **3** rounds together](https://millionrounds.com/fund/elevage-medical-technologies)[**Norwest Venture Partners** VC firm **3** rounds together](https://millionrounds.com/fund/norwest)[**Sofinnova Partners** VC firm **3** rounds together](https://millionrounds.com/fund/sofinnova-partners)[**Deerfield** VC firm **2** rounds together](https://millionrounds.com/fund/deerfield)[**Gilmartin Capital** Private equity **2** rounds together](https://millionrounds.com/fund/gilmartin-capital-llc)[**Longaeva** Growth equity **2** rounds together](https://millionrounds.com/fund/longaeva)[**New Enterprise Associates** VC firm **2** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**OrbiMed** Private equity **2** rounds together](https://millionrounds.com/fund/orbimed)[**Perceptive Advisors** Asset manager **2** rounds together](https://millionrounds.com/fund/perceptive-advisors)[**Rock Springs Capital** Hedge fund **2** rounds together](https://millionrounds.com/fund/rock-springs-capital)

## Recently backed

The latest companies Ally Bridge Group put money into.

[**AdvanCell** $315M · Jul 2026](https://millionrounds.com/company/advancell)[**SetPoint Medical** $140M · Aug 2025](https://millionrounds.com/company/setpoint-medical)[**Elligo Health Research** $135M · Sept 2021](https://millionrounds.com/company/elligo-health-research)[**Imperative Care** $85M · Dec 2019](https://millionrounds.com/company/imperative-care)[**Venclose** $27M · Dec 2019](https://millionrounds.com/company/venclose)[**GenFleet Therapeutics** $17M · Nov 2018](https://millionrounds.com/company/genfleet-therapeutics)

## Quick answers about Ally Bridge Group

### What does Ally Bridge Group invest in?

Ally Bridge Group invests most often at Series A and Series B (50% of the rounds on record), in sectors such as Connected Health, Healthier Living and Healthtech.

### How active is Ally Bridge Group?

24 investments on record, 3 of them in the last 12 months, and it led 6. The most recent was in Jul 2026.

### What has Ally Bridge Group invested in recently?

Its most recent investments on record: AdvanCell (Series D, Jul 2026), Imperative Care, Inc. (Undisclosed round, Mar 2026) and Biobeat Technologies, Ltd. (Series B, Jan 2026).

### How big are Ally Bridge Group's cheques?

The median round it joins is $100M.

### Does Ally Bridge Group lead rounds?

Yes: it led 6 of its 24 investments on record (25%).

### Where does Ally Bridge Group invest?

Most of the companies it backs are in the United States (65%) and China (17%).

### Is Ally Bridge Group investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

### Who does Ally Bridge Group invest alongside?

Most often Bain Capital Life Sciences (3 rounds together), Catalio Capital Management (3 rounds together) and Elevage Medical Technologies (3 rounds together).

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