United States · Investor

NovaQuest

Last cheque observed Dec 2025; 10 cheques on record.

Deploying nowNew fund $90M, Jun 2024Private equity

SeedSeries ASeries BBiopharmaAnimal Health

Deploying now
50%of best year1cheques in 12 months, 10 on record
Since the last cheque335days00hrs00min00sec
Median round$35MRounds led3 of 10Sole investor1 roundsExits2 from the portfolioMostly inUnited States, 67%
Pitch NovaQuest

NovaQuest highlights

  1. 01

    1 cheques in the last 12 months

  2. 02

    Mostly Debt and Series A: 67% of its rounds

  3. 03

    Sole investor in 1 rounds, median $50M

  4. 04

    2 exits from the portfolio

What they do

NovaQuest Capital Management promotes the late-stage development of life-saving drugs with its unique global platform, offering Late-stage PRODUCT FINANCE™ investments in global biopharmaceutical products.From their own website
Type
Private equity (from a list, unverified)
Cheque size
Not stated
Stages
SeedSeries ASeries BGrowth
Sectors
BiopharmaAnimal Health
Based in
Raleigh, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first10 appearances

  1. 2025

    2 rounds

  2. Dec
    MirnaSeries A · GB · Firms' own news pages$3.6MWith 8 others
  3. Jun
    GallantSeries B · US · Firms' own news pages$18MWith 7 others
  4. 2024

    1 round

  5. Jul
    MI:RNASeries A · GB · Firms' own news pages$4.0MLed
  6. 2022

    3 rounds

  7. Nov
    FibroGenDebt · US · Firms' own news pages$50MLed
  8. May
    TARGANSeries C · US · Firms' own news pages$35MLed
  9. May
    Phathom PharmaceuticalsDebt · US · Firms' own news pages$260MWith 2 others
  10. 2018

    1 round

  11. Nov
    Roivant SciencesCH · FinSMEs$200MWith 1 other
  12. 2013

    1 round

  13. Sept
    PreCision DermatologyDebt · US · pehub.com$67MWith 7 others
  14. 2007

    2 rounds

  15. Nov
    Ambit BiosciencesSeries D · US$49MWith 11 others
  16. Apr
    ProtemixSeries A$15MWith 1 other

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 registration24 named

AGAkito Gerald UmedaDirector of the GP LTD.iFiling they signed
APAshton PooleExecutive OfficeriFiling they signed
BEBryan Edwards MillsMember, Chief Administrative Officer, Management Committee MemberiForm ADV
CGCarl Gerald HellmanDirector of the GP LTD.iFiling they signed
CGChris Gerald GordonDirector of the GP LTD.iFiling they signed
DWDevin Weiss HoldenChief Compliance OfficeriForm ADV
EGErnest Gerald BrownDirector of the sole member of the General PartneriFiling they signed
FGFred Gerald CohenDirector of the GP LTD.iFiling they signed
GGGaetano Gerald PetrelliDirector of the GP LTD.iFiling they signed
HEHidekazu E. TanakaDirector of the GP LTD.iFiling they signed
HGHisaharo Gerald KogaDirector of the GP LTD.iFiling they signed
IGIkegami Gerald ManabuDirector of the GP LTD.iFiling they signed
JEJacob E. ComerDirector of the GP LTD.iFiling they signed
JGJames Gerald O'BrienDirector of the General PartneriFiling they signed
JGJeffrey Gerald EdwardsDirector of the GP LTD.iFiling they signed
JGJohn Gerald BradleyDirector of the sole member of the General PartneriFiling they signed
JLJohn L. Bradley, Jr.Director of the sole member of the General PartneriFiling they signed
JEJohnathan E. TunnicliffeDirector of the GP LTD.iFiling they signed
JEJonathan E. TunnicliffeDirector of the GP LTD.iFiling they signed
MGManabu Gerald IkegamiDirector of the sole member of the General PartneriFiling they signed
MGMichael Gerald BolognaMember, Chief Investment Officer, Management Committee MemberiForm ADV
MJMichael J. SorensenOfficer of the GP LTDiFiling they signed
MJMichael J. SorensonOfficer of the GP LTD.iFiling they signed
MGMitsuhiro Gerald GotoDirector of the sole member of the General PartneriFiling they signed

We also hold 62 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

$1.5Bassets it managesOct 2026
Registeredinvestment adviserfull reporting to the SEC
Legal name
Novaquest Capital Management, L.L.C.
SEC number
CRD 160359

Funds on its Form ADV

39 private funds, $3.2B in gross assets · filed Oct 2024

  1. NovaQuest Pharma Opportunities Fund V, L.P.Private equity18 investors$656M
  2. NovaQuest Pharma Opportunities Fund V (Delaware), L.P.Private equity6 investors$380M
  3. NovaQuest Co-Investment Fund VIII, L.P.Private equity51 investors$228M
  4. NovaQuest Pharma Opportunities Fund IV, L.P.Private equity36 investors$181M
  5. NovaQuest Animal Health Opportunities Fund Aggregator, L.P.Private equity2 investors$132M
  6. NQ Project Pharaoh, L.P.Private equity20 investors$130M
  7. NovaQuest Pharma Opportunities Fund IV Aggregator, L.P.Private equity2 investors$118M
  8. NovaQuest Animal Health Opportunities Fund (Delaware), L.P.Private equity1 investor$117M
  9. NQP SPV II, L.P.Private equity20 investors$95M
  10. NovaQuest Pharma Opportunities Fund VI, L.P.Private equity2 investors$88M

And 29 more on the filing.

What they claim to have backed

From their own portfolio page (on their website)

6 of 29 we have independently watched raise

FibroGenGallantNevakarPhathom PharmaceuticalsRoivantTarganAceragenArgentaCalifornia CryobankCerevelCovenantDermavantGrunenthalHansa BiopharmaHospiraLupinMI RNAMesoblastMileutisMundi PharmaMycovia PharmaceuticalsMyovantNewmediacampaignsPfizerRevanceSanofiSebelapharmaShionogiTakeda

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.

Exits from the portfolio

Companies it backed that were later bought or listed2 in all

Ambit BiosciencesBought by Daiichi Sankyo$410MSept 2014
PreCision DermatologyBought by Valeant Pharmaceuticals International$500MFeb 2014

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

Who they invest alongside

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

Recently backed

The latest companies NovaQuest put money into.

Quick answers about NovaQuest

What does NovaQuest invest in?

NovaQuest invests most often at Debt and Series A (67% of the rounds on record), in sectors such as Biopharma and Animal Health.

How active is NovaQuest?

10 investments on record, 1 of them in the last 12 months, and it led 3. The most recent was in Dec 2025.

What has NovaQuest invested in recently?

Its most recent investments on record: Mirna (Series A, Dec 2025), Gallant (Series B, Jun 2025) and MI:RNA (Series A, Jul 2024).

How big are NovaQuest's cheques?

The median round it joins is $35M.

Does NovaQuest lead rounds?

Yes: it led 3 of its 10 investments on record (30%).

Where does NovaQuest invest?

Most of the companies it backs are in the United States (67%), the United Kingdom (22%) and Switzerland (11%).

Is NovaQuest investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

Who does NovaQuest invest alongside?

Most often Animal Health Angels (2 rounds together), Equity Gap (2 rounds together) and Gabriel (2 rounds together).

Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it