Investor Lists

PE firms backing Biotech

Updated 7 November 2026

PE firms we have observed in a biotech round in the last two years.

See all 265 →The top 25
265investors on the list+2 this week
2,033cheques in 12 months+14% against the market
$54Mmedian round they joined+569% against the market median
84%wrote a cheque in 12 months
48%have led a round

The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

  1. 1GaingelsDeploying nowPrivate equity · United States1,010$8Mmedian roundOct 2026last seen
  2. 2Goldman SachsDeploying nowPrivate equity · United States758$73Mmedian roundOct 2026last seen
  3. 3CitibankDeploying nowGrowth equity · United States566$20Mmedian roundOct 2026last seen
  4. 4Pioneer FundDeploying nowPrivate equity · United States551$2.9Mmedian roundNov 2026last seen
  5. 5IDG CapitalDeploying nowPrivate equity · China504$25Mmedian roundOct 2026last seen
  6. 6OrbiMedDeploying nowPrivate equity · United States447$71Mmedian roundOct 2026last seen
  7. 7RA Capital ManagementDeploying nowPrivate equity · United States395$93Mmedian roundNov 2026last seen
  8. 8Saif PartnersDeploying nowPrivate equity · Hong Kong SAR China283$14Mmedian roundMay 2026last seen
  9. 9General AtlanticDeploying nowPrivate equity · United States273$127Mmedian roundOct 2026last seen
  10. 10Business Growth FundDeploying nowPrivate equity · United Kingdom260$9.9Mmedian roundNov 2026last seen
  11. 11Warburg PincusDeploying nowPrivate equity · United States260$124Mmedian roundOct 2026last seen
  12. 12HSBCDeploying nowGrowth equity · United Kingdom234$45Mmedian roundOct 2026last seen
  13. 13Idinvest PartnersDeploying nowPrivate equity · France217$20Mmedian roundApr 2026last seen
  14. 14TPGDeploying nowPrivate equity · United States205$91Mmedian roundNov 2026last seen
  15. 15K5 GlobalDeploying nowPrivate equity · United States199$11Mmedian roundOct 2026last seen
  16. 16Franklin TempletonDeploying nowPrivate equity · United States198$64Mmedian roundNov 2026last seen
  17. 17CDH InvestmentsDeploying nowPrivate equity · Hong Kong SAR China190$30Mmedian roundOct 2026last seen
  18. 18Janus Henderson InvestorsDeploying nowPrivate equity · United Kingdom178$115Mmedian roundOct 2026last seen
  19. 19Cormorant Asset ManagementDeploying nowPrivate equity · United States176$102Mmedian roundOct 2026last seen
  20. 20EurazeoDeploying nowPrivate equity · France150$28Mmedian roundOct 2026last seen
  21. 21InvusDeploying nowPrivate equity · United States148$81Mmedian roundOct 2026last seen
  22. 22Vivo CapitalDeploying nowPrivate equity · United States140$64Mmedian roundSept 2026last seen
  23. 23T. Rowe PriceDeploying nowPrivate equity · United States136$400Mmedian roundNov 2026last seen
  24. 24Forbion Capital PartnersDeploying nowPrivate equity · Netherlands134$88Mmedian roundOct 2026last seen
  25. 25Foresight GroupDeploying nowPrivate equity · United Kingdom132$4Mmedian roundOct 2026last seen
240 more on this list

All 265 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

See the whole list →

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Quick answers about PE firms backing Biotech

Who are the most active PE firms backing Biotech?

By cheques observed, the most active are Gaingels, Goldman Sachs, Citibank, Pioneer Fund and IDG Capital.

How many PE firms backing Biotech are there?

265 are on record. 84% made an investment in the last 12 months and 48% have led a round.

Which stages do PE firms backing Biotech back?

Of the rounds with a named stage in the last 12 months, mostly Debt (19%) and Series A (19%).

How big are the rounds PE firms backing Biotech join?

The typical (median) round among the leading investors here is $64M.

Which sectors do PE firms backing Biotech back most?

In the last 12 months, mostly AI, Biotech and Healthcare.

Which PE firms backing Biotech lead the most rounds?

General Atlantic (32 led), Goldman Sachs (22 led) and RA Capital Management (15 led).

Where are PE firms backing Biotech based?

Among the most active, most are based in the United States (15), the United Kingdom (4) and Hong Kong SAR China (2).

What have PE firms backing Biotech invested in recently?

Recent rounds include Arka Fincap (Other, Nov 2026, with TPG), ArrayPatch (Seed, Nov 2026, with WakeUp Capital) and T-Therapeutics (Series B, Nov 2026, with Business Growth Fund).

Built from the rounds we watched, refreshed every night. How we count · Report a correction