# Balyasny Asset Management L.p.: portfolio, investments and team

> Balyasny Asset Management L.p. is a private equity based in United States. 7 investments on record, 3 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/balyasny-asset-management-2 (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Balyasny Asset Management L.p.

Last cheque observed Oct 2026; 7 cheques on record.

Email

Deploying now Private equity

Seed Series A Series B FinTech Food And Beverage

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Deploying now

**100%** of best year **3** **cheques in 12 months**, 7 on record

Since the last cheque **4** days **00** hrs **00** min **00** sec

Median round **$238M** Rounds led **0 of 7** Exits **1 from the portfolio** Mostly in **United States, 86%**

Pitch Balyasny Asset Management L.p.

## Balyasny Asset Management L.p. highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Series C and Series B: 67% of its rounds
- 03 1 exits from the portfolio

## What they do

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Up to $5.0M as they say
- **Stages:** Seed Series A Series B Growth
- **Sectors:** FinTech Food And Beverage
- **Based in:** Chicago, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **7 appearances**

- **2026** 2 rounds
- **Oct** **[Zai Lab](https://millionrounds.com/company/zai-lab)** CN · Pulse 2.0 **$250M** With 10 others
- **Oct** **[Soufflé Therapeutics](https://millionrounds.com/company/souffle-therapeutics)** Series B · US · Google News search **$135M** With 16 others
- **2025** 2 rounds
- **Nov** **[Aspen Neuroscience](https://millionrounds.com/company/aspen-neuroscience)** Series C · US · Ventureburn **$115M** With 9 others
- **May** **[Forterra](https://millionrounds.com/company/forterra)** Series C · US · Crescent Cove **$238M** With 11 others
- **2021** 1 round
- **Jul** **[Nature's Fynd](https://millionrounds.com/company/nature-s-fynd)** Series C · US · Firms' own news pages **$350M** With 6 others
- **2015** 1 round
- **Sept** **[Avant](https://millionrounds.com/company/avant)** Series E · US **$325M** With 6 others
- **2005** 1 round
- **Jul** **[Pharmacopeia](https://millionrounds.com/company/pharmacopeia)** Venture · US **$7.6M** With 9 others

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

We hold **37** 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.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Pharmacopeia](https://millionrounds.com/company/pharmacopeia)** Bought by [Ligand Pharmaceuticals](https://millionrounds.com/fund/ligand-pharmaceuticals) **$73M** Sept 2008

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Seed Series A Series B

Median round joined **$238M** the round, not its cheque

Led 0 of 7 rounds **0%**

- **Said size:** Up to $5.0M
- **Sole investor:** Never alone
- **Last cheque:** Oct 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series C *3*
- Series B said *1*
- Series E *1*
- Venture *1*
- Seed said *-*
- Series A said *-*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [ARCH Venture Partners](https://millionrounds.com/fund/arch-venture-partners) 2
- [Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) 2
- [Frazier Life Sciences](https://millionrounds.com/fund/frazier-life-sciences) 2

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## Who they invest alongside

The investors most often in the same rounds as Balyasny Asset Management L.p.. A count of rooms they were both in, not a relationship either has claimed.

[**ARCH Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/arch-venture-partners)[**Cormorant Asset Management** Private equity **2** rounds together](https://millionrounds.com/fund/cormorant-asset-management)[**Frazier Life Sciences** VC firm **2** rounds together](https://millionrounds.com/fund/frazier-life-sciences)

## Recently backed

The latest companies Balyasny Asset Management L.p. put money into.

[**Aspen Neuroscience** $115M · Nov 2025](https://millionrounds.com/company/aspen-neuroscience)[**Forterra** $238M · May 2025](https://millionrounds.com/company/forterra)[**Nature's Fynd** $350M · Jul 2021](https://millionrounds.com/company/nature-s-fynd)

## Quick answers about Balyasny Asset Management L.p.

### What does Balyasny Asset Management L.p. invest in?

Balyasny Asset Management L.p. invests most often at Series C and Series B (67% of the rounds on record), in sectors such as FinTech and Food And Beverage.

### How active is Balyasny Asset Management L.p.?

7 investments on record, 3 of them in the last 12 months. The most recent was in Oct 2026.

### What has Balyasny Asset Management L.p. invested in recently?

Its most recent investments on record: Zai Lab (Undisclosed round, Oct 2026), Soufflé Therapeutics (Series B, Oct 2026) and Aspen Neuroscience (Series C, Nov 2025).

### How big are Balyasny Asset Management L.p.'s cheques?

The median round it joins is $238M.

### Does Balyasny Asset Management L.p. lead rounds?

Rarely, if at all: none of its 7 investments on record names it as the lead.

### Where does Balyasny Asset Management L.p. invest?

Most of the companies it backs are in the United States (86%) and China (14%).

### Is Balyasny Asset Management L.p. investing now?

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

### Who does Balyasny Asset Management L.p. invest alongside?

Most often ARCH Venture Partners (2 rounds together), Cormorant Asset Management (2 rounds together) and Frazier Life Sciences (2 rounds together).

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