# Partner Fund Management (PFM): portfolio, investments and team

> Partner Fund Management (PFM) is a growth equity based in United States. 9 investments on record, latest Jun 2020. Portfolio, stages, co-investors and team.

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

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

# Partner Fund Management (PFM)

Last cheque observed Jun 2020. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

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Quiet Growth equity

Series B Series C

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 9 on record

Since the last cheque **2325** days **00** hrs **00** min **00** sec

Median round **$94M** Rounds led **0 of 9** Sole investor **1 rounds** Exits **1 from the portfolio** Mostly in **United States, 100%**

Pitch Partner Fund Management (PFM)

## Partner Fund Management (PFM) highlights

- 01 9 rounds on record
- 02 Mostly Series B and Series C: 100% of its rounds
- 03 Sole investor in 1 rounds, median $70M
- 04 1 exits from the portfolio

## What they do

- **Type:** Growth equity (from a list, unverified)
- **Cheque size:** Not stated
- **Based in:** United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **9 appearances**

- **2020** 1 round
- **Jun** **[Shattuck Labs, Inc.](https://millionrounds.com/company/shattuck-labs-inc)** Series B · US · Hatteras Venture Partners **$118M** With 8 others
- **2017** 1 round
- **Jan** **[Neon Therapeutics](https://millionrounds.com/company/neon-therapeutics)** Series B · US · FinSMEs **$70M** Sole investor
- **2015** 4 rounds
- **Jul** **[Afferent Pharmaceuticals](https://millionrounds.com/company/afferent-pharmaceuticals)** Series C · US **$55M** With 5 others
- **Jun** **[Outset Medical](https://millionrounds.com/company/outset-medical)** Series C · US **$51M** With 5 others
- **Apr** **[Dimension Therapeutics](https://millionrounds.com/company/dimension-therapeutics)** Series B · US **$65M** With 7 others
- **Apr** **[Voyager Therapeutics](https://millionrounds.com/company/voyager-therapeutics)** Series B · US **$60M** With 3 others
- **2014** 3 rounds
- **Nov** **[Blueprint Medicines](https://millionrounds.com/company/blueprint-medicines)** Series C · US **$50M** With 7 others
- **Oct** **[Avidity NanoMedicines](https://millionrounds.com/company/avidity-nanomedicines)** Series B · US **$6.0M** With 4 others
- **Aug** **[Civitas Therapeutics](https://millionrounds.com/company/civitas-therapeutics)** Series C · US **$55M** With 11 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 **5** 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**

**[Civitas Therapeutics](https://millionrounds.com/company/civitas-therapeutics)** Bought by Acorda Therapeutics **$525M** Sept 2014

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

## The cheque

Series B Series C

Median round joined **$94M** the round, not its cheque Alone, median **$70M**

Led 0 of 9 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** Jun 2020
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series B *5*
- Series C *4*

Cheques by year Led Joined

2014 2020

Often in the room with

- [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) 3
- [Redmile Group](https://millionrounds.com/fund/redmile-group) 3
- [Wellington Management](https://millionrounds.com/fund/wellington-management) 3
- [F-Prime Capital](https://millionrounds.com/fund/f-prime) 2
- [Jennison Associates](https://millionrounds.com/fund/jennison-associates) 2
- [New Leaf Venture Partners](https://millionrounds.com/fund/new-leaf-venture-partners) 2

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## Who they invest alongside

The investors most often in the same rounds as Partner Fund Management (PFM). A count of rooms they were both in, not a relationship either has claimed.

[**RA Capital Management** Private equity **3** rounds together](https://millionrounds.com/fund/ra-capital-management)[**Redmile Group** VC firm **3** rounds together](https://millionrounds.com/fund/redmile-group)[**Wellington Management** VC firm **3** rounds together](https://millionrounds.com/fund/wellington-management)[**F-Prime Capital** VC firm **2** rounds together](https://millionrounds.com/fund/f-prime)[**Jennison Associates** Growth equity **2** rounds together](https://millionrounds.com/fund/jennison-associates)[**New Leaf Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/new-leaf-venture-partners)[**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)

## Quick answers about Partner Fund Management (PFM)

### What does Partner Fund Management (PFM) invest in?

Partner Fund Management (PFM) invests most often at Series B and Series C (100% of the rounds on record).

### How active is Partner Fund Management (PFM)?

9 investments on record, 0 of them in the last 12 months. The most recent was in Jun 2020.

### What has Partner Fund Management (PFM) invested in recently?

Its most recent investments on record: Shattuck Labs, Inc. (Series B, Jun 2020) and Neon Therapeutics (Series B, Jan 2017).

### How big are Partner Fund Management (PFM)'s cheques?

The median round it joins is $94M.

### Does Partner Fund Management (PFM) lead rounds?

Rarely, if at all: none of its 9 investments on record names it as the lead.

### Where does Partner Fund Management (PFM) invest?

Most of the companies it backs are in the United States (100%).

### Is Partner Fund Management (PFM) investing now?

No investments in the last 12 months; the latest was in Jun 2020.

### Who does Partner Fund Management (PFM) invest alongside?

Most often RA Capital Management (3 rounds together), Redmile Group (3 rounds together) and Wellington Management (3 rounds together).

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