# Sectoral Asset Management: portfolio, investments and team

> Sectoral Asset Management is a private equity based in Canada. 12 investments on record, latest Oct 2025. Portfolio, stages, co-investors and team.

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

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

# Sectoral Asset Management

Last cheque observed Oct 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Private equity

Seed Series A Series B E-health Healthcare Wellbeing

Cheques on record

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

Since the last cheque **370** days **00** hrs **00** min **00** sec

Median round **$40M** Rounds led **2 of 12** Sole investor **1 rounds** Exits **2 from the portfolio** Mostly in **United States, 67%**

Pitch Sectoral Asset Management

## Sectoral Asset Management highlights

- 01 12 rounds on record
- 02 Mostly Series B and Series C: 70% of its rounds
- 03 Sole investor in 1 rounds, median $60M
- 04 2 exits from the portfolio

## What they do

> Sectoral Asset Management (Sectoral) is an investment advisor exclusively focused on the global healthcare sector. From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** E-health Healthcare Wellbeing
- **Based in:** Montreal, Canada
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **12 appearances**

- **2025** 1 round
- **Oct** **[SecondWave Systems](https://millionrounds.com/company/secondwave-systems)** Series A · US · Firms' own news pages **Undisclosed** With 4 others
- **2024** 1 round
- **Jan** **[Noctrix Health](https://millionrounds.com/company/noctrix-health)** Series C · US · Firms' own news pages **$40M** *Led*
- **2019** 1 round
- **Dec** **[Pipeline Therapeutics](https://millionrounds.com/company/pipeline-therapeutics)** Series B · US · Hadean Ventures **$30M** *Led*
- **2016** 1 round
- **Jun** **[F2G](https://millionrounds.com/company/f2g)** GB · FinSMEs **$60M** Sole investor
- **2015** 4 rounds
- **Sept** **[Intellia Therapeutics](https://millionrounds.com/company/intellia-therapeutics)** Series B · US **$70M** With 7 others
- **Jun** **[UNUM Therapeutics](https://millionrounds.com/company/unum-therapeutics)** Series B · US **$65M** With 11 others
- **May** **[REGENXBIO](https://millionrounds.com/company/regenxbio)** Series D · US **$71M** With 12 others
- **May** **[Shockwave Medical](https://millionrounds.com/company/shockwave-medical)** Series B · US **$40M** With 4 others
- **2013** 1 round
- **Apr** **[RainDance Technologies](https://millionrounds.com/company/raindance-technologies)** Series E · US · finsmes.com **$20M** With 4 others
- **2012** 1 round
- **Nov** **[Endosense](https://millionrounds.com/company/endosense)** Series C · CH · finsmes.com **$40M** With 7 others
- **2009** 2 rounds
- **Nov** **[BioVex](https://millionrounds.com/company/biovex)** Series F · GB · xconomy.com **$30M** With 4 others
- **Oct** **[Endosense](https://millionrounds.com/company/endosense)** Series B · CH · onbiovc.com **$36M** With 6 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

Named by the firm itself, on a filing, its Form ADV or its company registration **3 named**

JG **Jerome Georges Pfund** Co-Founder and CEO i Form ADV

MM **Marc-Andre Marcotte** Partner & Head of Venture Capital i Form ADV

ML **Marina Lalakin** Chief Compliance Officer i Form ADV

We also hold **12** 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

**$331M** assets it manages Oct 2026

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

- **Legal name:** Sectoral Asset Management Inc.
- **SEC number:** CRD 110345

Funds on its Form ADV

**3** private funds, **$244M** in gross assets · filed Oct 2024

- New Emerging Medical Opportunities Fund V SCSP *Private equity* 64 investors $146M
- New Emerging Medical Opportunities Fund IV SCSP *Private equity* 52 investors $84M
- New Emerging Medical Opportunities Fund III, L.P. *Private equity* 43 investors $14M

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[Endosense](https://millionrounds.com/company/endosense)** Bought by [St. Jude Medical](https://millionrounds.com/fund/st-jude-medical) **$170M** Aug 2013

**[BioVex](https://millionrounds.com/company/biovex)** Bought by [Amgen](https://millionrounds.com/fund/amgen) **$1.0B** Jan 2011

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 **$40M** the round, not its cheque Alone, median **$60M**

Led 2 of 12 rounds **17%**

- **Sole investor:** 1 rounds
- **Last cheque:** Oct 2025
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Series B said *5*
- Series C *2*
- Series A said *1*
- Series D *1*
- Series E *1*
- Seed said *-*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Ysios Capital](https://millionrounds.com/fund/ysios-capital) 3
- [Atlas Venture](https://millionrounds.com/fund/atlas-venture) 2
- [Deerfield](https://millionrounds.com/fund/deerfield) 2
- [Edmond de Rothschild Venture Capital](https://millionrounds.com/fund/edmond-de-rothschild-venture-capital) 2
- [F-Prime Capital](https://millionrounds.com/fund/f-prime) 2
- [Foresite Capital](https://millionrounds.com/fund/forsite-capital) 2

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## Who they invest alongside

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

[**Ysios Capital** VC firm **3** rounds together](https://millionrounds.com/fund/ysios-capital)[**Atlas Venture** VC firm **2** rounds together](https://millionrounds.com/fund/atlas-venture)[**Deerfield** VC firm **2** rounds together](https://millionrounds.com/fund/deerfield)[**Edmond de Rothschild Venture Capital** Growth equity **2** rounds together](https://millionrounds.com/fund/edmond-de-rothschild-venture-capital)[**F-Prime Capital** VC firm **2** rounds together](https://millionrounds.com/fund/f-prime)[**Foresite Capital** Private equity **2** rounds together](https://millionrounds.com/fund/forsite-capital)[**Gimv** Private equity **2** rounds together](https://millionrounds.com/fund/gimv)[**Janus Capital Group** Growth equity **2** rounds together](https://millionrounds.com/fund/janus-capital-group)[**Jennison Associates** Growth equity **2** rounds together](https://millionrounds.com/fund/jennison-associates)[**NeoMed** Growth equity **2** rounds together](https://millionrounds.com/fund/neomed)[**OrbiMed** Private equity **2** rounds together](https://millionrounds.com/fund/orbimed)[**Treo Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/treo-ventures)

## Recently backed

The latest companies Sectoral Asset Management put money into.

[**Noctrix Health** $40M · Jan 2024](https://millionrounds.com/company/noctrix-health)

## Quick answers about Sectoral Asset Management

### What does Sectoral Asset Management invest in?

Sectoral Asset Management invests most often at Series B and Series C (70% of the rounds on record), in sectors such as E-health, Healthcare and Wellbeing.

### How active is Sectoral Asset Management?

12 investments on record, 0 of them in the last 12 months, and it led 2. The most recent was in Oct 2025.

### What has Sectoral Asset Management invested in recently?

Its most recent investments on record: SecondWave Systems (Series A, Oct 2025), Noctrix Health (Series C, Jan 2024) and Pipeline Therapeutics (Series B, Dec 2019).

### How big are Sectoral Asset Management's cheques?

The median round it joins is $40M.

### Does Sectoral Asset Management lead rounds?

Yes: it led 2 of its 12 investments on record (17%).

### Where does Sectoral Asset Management invest?

Most of the companies it backs are in the United States (67%), the United Kingdom (17%) and Switzerland (17%).

### Is Sectoral Asset Management investing now?

No investments in the last 12 months; the latest was in Oct 2025.

### Who does Sectoral Asset Management invest alongside?

Most often Ysios Capital (3 rounds together), Atlas Venture (2 rounds together) and Deerfield (2 rounds together).

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