# Marshall Wace: portfolio, investments and team > Marshall Wace is a hedge fund based in United States. 5 investments on record, 4 in the last 12 months, latest Jul 2026. Source: https://millionrounds.com/fund/marshall-wace (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Marshall Wace Last cheque observed Jul 2026; 5 cheques on record. Email Hedge fund Deploying now New fund $744M, Oct 2026 Growth Series B Follow Marshall Wace and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fmarshall-wace) Deploying now **100%** of best year **4** **cheques in 12 months**, 5 on record Since the last cheque **127** days **00** hrs **00** min **00** sec Median round **$125M** Rounds led **1 of 5** Mostly in **United States, 80%** Pitch Marshall Wace ## Marshall Wace highlights - 01 4 cheques in the last 12 months - 02 Mostly Growth and Series B: 100% of its rounds - 03 Led 1 rounds ## What they do - **Type:** Hedge fund (from a list, unverified) - **Cheque size:** Not stated - **Based in:** DUBLIN, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **5 appearances** - **2026** 3 rounds - **Jul** **[Draig Therapeutics](https://millionrounds.com/company/draig-therapeutics)** Series B · GB · Jefferson Life Sciences **$65M** With 6 others - **May** **[Circle Internet Group](https://millionrounds.com/company/circle-internet-group)** US · TechStartups **$222M** With 12 others - **Apr** **[Ray Therapeutics](https://millionrounds.com/company/ray-therapeutics)** Series B · US · 4BIO Capital **$125M** With 10 others - **2025** 1 round - **Nov** **[Ripple](https://millionrounds.com/company/ripple)** Growth · US · Crunchbase News **$500M** With 9 others - **2023** 1 round - **May** **[Prognos Health](https://millionrounds.com/company/prognos-health)** Growth · US · Cigna Ventures **$23M** *Led* 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 **19 named** -M **-- Marshall Wace LLP** Investment Manager i Filing they signed BH **Barbara Healy** Director of the General Partner i Filing they signed BM **Barry McGrath** Director of the General Partner i Filing they signed BG **Bennett Gregory** Director of the General Partner i Filing they signed DM **Daly Martin** Director i Filing they signed DH **David Hammond** Director of the General Partnerr i Filing they signed FP **Flaherty Patrick** Director i Filing they signed FB **Fritz Becker** Director of the General Partner i Filing they signed GB **Gregory Bennett** Director of the General Partner i Filing they signed LM **Linburgh Martin** Director of the General Partnerr i Filing they signed MM **Marion Mulvey** Director of the General Partner i Filing they signed MW **Marshall Wace LLP** Investment Manager i Filing they signed PF **Patrick Flaherty** Director of the General Partner i Filing they signed RB **Robert Bovet** Director of the General Partnerr i Filing they signed RB **Robert Brown** Director i Filing they signed RF **Robert Flaherty** Director of the General Partner i Filing they signed RT **Robert Thomas** Director of the General Partner i Filing they signed RB **Ronan Bovet** Director of the General Partner i Filing they signed RD **Ronan Daly** Director of the General Partnerr i Filing they signed We also hold **16** 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 **$384B** assets it manages, 4 advisers combined Oct 2026 **30+** funds on file numbered funds in its name **Exempt** reporting adviser venture or small private funds - **Legal name:** Marshall WACE LLP - **SEC number:** CRD 157501 New fund on file **$744M** raised in Oct 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Growth Series B Median round joined **$125M** the round, not its cheque Led 1 of 5 rounds **20%** - **Sole investor:** Never alone - **Last cheque:** Jul 2026 Rounds by stage said on their site - Growth *2* - Series B *2* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Janus Henderson Investors](https://millionrounds.com/fund/janus-henderson-investors) 3 - [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 2 - [IDG Capital](https://millionrounds.com/fund/idg-capital) 2 **Pitching Marshall Wace?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Marshall Wace. A count of rooms they were both in, not a relationship either has claimed. [**Janus Henderson Investors** Private equity **3** rounds together](https://millionrounds.com/fund/janus-henderson-investors)[**Andreessen Horowitz** VC firm **2** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**IDG Capital** Private equity **2** rounds together](https://millionrounds.com/fund/idg-capital) ## Recently backed The latest companies Marshall Wace put money into. [**Draig Therapeutics** $65M · Jul 2026](https://millionrounds.com/company/draig-therapeutics)[**Ripple** $500M · Nov 2025](https://millionrounds.com/company/ripple) ## On podcasts 1 episode naming Marshall Wace in the title, and 2 more that mention it. - [Capital Allocators](https://millionrounds.com/podcasts/capital-allocators) 21 Sept 2020 · 50 min Paul Marshall – 10 ½ Lessons from 23 years at Marshall Wace (Capital Allocators, EP.157) Mentions [Marshall Wace](https://millionrounds.com/fund/marshall-wace) Apple PodcastsShow page ### Mentioned in - [In Good Company](https://millionrounds.com/podcasts/in-good-company) 28 Aug 2026 · 13 min Friday Wrap-Up: A Hedge Fund Legend and Reflections on the Global AI Race Apple PodcastsShow page - [In Good Company](https://millionrounds.com/podcasts/in-good-company) 26 Aug 2026 · 1h 12m Sir Paul Marshall: Why Markets Are Getting More Competitive, The Logic of Shorting, and Building TOPS Apple PodcastsShow page ## Quick answers about Marshall Wace ### What does Marshall Wace invest in? Marshall Wace invests most often at Growth and Series B (100% of the rounds on record). ### How active is Marshall Wace? 5 investments on record, 4 of them in the last 12 months, and it led 1. The most recent was in Jul 2026. ### What has Marshall Wace invested in recently? Its most recent investments on record: Draig Therapeutics (Series B, Jul 2026), Circle Internet Group (Undisclosed round, May 2026) and Ray Therapeutics (Series B, Apr 2026). ### How big are Marshall Wace's cheques? The median round it joins is $125M. ### Does Marshall Wace lead rounds? Yes: it led 1 of its 5 investments on record (20%). ### Where does Marshall Wace invest? Most of the companies it backs are in the United States (80%) and the United Kingdom (20%). ### Is Marshall Wace investing now? Yes: it is actively investing, with 4 investments in the last 12 months. ### Who does Marshall Wace invest alongside? Most often Janus Henderson Investors (3 rounds together), Andreessen Horowitz (2 rounds together) and IDG Capital (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=marshall-wace) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=marshall-wace)