Investor Lists

PE firms backing Medical Devices

Updated 7 November 2026

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

See all 103 →The top 25
103investors on the list+9 this week
752cheques in 12 months+40% against the market
$56Mmedian round they joined+597% against the market median
79%wrote a cheque in 12 months
60%have led a round

The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

  1. 1OrbiMedDeploying nowPrivate equity · United States447$71Mmedian roundOct 2026last seen
  2. 2RA Capital ManagementDeploying nowPrivate equity · United States395$93Mmedian roundNov 2026last seen
  3. 3Morgan Stanley Investment ManagementDeploying nowPrivate equity · United States288$56Mmedian roundOct 2026last seen
  4. 4K5 GlobalDeploying nowPrivate equity · United States199$11Mmedian roundOct 2026last seen
  5. 5CDH InvestmentsDeploying nowPrivate equity · Hong Kong SAR China190$30Mmedian roundOct 2026last seen
  6. 6Janus Henderson InvestorsDeploying nowPrivate equity · United Kingdom178$115Mmedian roundOct 2026last seen
  7. 7InvusDeploying nowPrivate equity · United States148$81Mmedian roundOct 2026last seen
  8. 8T. Rowe PriceDeploying nowPrivate equity · United States136$400Mmedian roundNov 2026last seen
  9. 9Forbion Capital PartnersDeploying nowPrivate equity · Netherlands134$88Mmedian roundOct 2026last seen
  10. 10Maven Capital PartnersDeploying nowPrivate equity · United Kingdom129$3.5Mmedian roundOct 2026last seen
  11. 11The Carlyle GroupDeploying nowPrivate equity · United States108$400Mmedian roundAug 2026last seen
  12. 12Sands Capital VenturesDeploying nowPrivate equity99$45Mmedian roundAug 2026last seen
  13. 13GICDeploying nowPrivate equity · Singapore92$200Mmedian roundOct 2026last seen
  14. 14MubadalaDeploying nowPrivate equity · United Arab Emirates91$80Mmedian roundSept 2026last seen
  15. 15National Bank of CanadaDeploying nowPrivate equity · Canada77$74Mmedian roundSept 2026last seen
  16. 16Bain CapitalDeploying nowPrivate equity · United States58$50Mmedian roundAug 2026last seen
  17. 17Gilde HealthcareDeploying nowPrivate equity · Netherlands56$37Mmedian roundJun 2026last seen
  18. 18Andera PartnersDeploying nowPrivate equity · France53$57Mmedian roundOct 2026last seen
  19. 19AtlanticDeploying nowPrivate equity · Germany53$35Mmedian roundOct 2026last seen
  20. 20Bain Capital Life SciencesDeploying nowPrivate equity · United States49$134Mmedian roundOct 2026last seen
  21. 21IAG Capital PartnersDeploying nowPrivate equity · United States46$15Mmedian roundSept 2026last seen
  22. 22MedtronicDeploying nowGrowth equity · United States45$49Mmedian roundSept 2026last seen
  23. 23Elevate CapitalDeploying nowPrivate equity · Peru41$1.8Mmedian roundSept 2026last seen
  24. 24EQTDeploying nowPrivate equity · Sweden35$62Mmedian roundSept 2026last seen
  25. 25Qatar BanDeploying nowGrowth equity · Qatar33$548Mmedian roundSept 2026last seen
78 more on this list

All 103 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 →

Quick answers about PE firms backing Medical Devices

Who are the most active PE firms backing Medical Devices?

By cheques observed, the most active are OrbiMed, RA Capital Management, Morgan Stanley Investment Management, K5 Global and CDH Investments.

How many PE firms backing Medical Devices are there?

103 are on record. 79% made an investment in the last 12 months and 60% have led a round.

Which stages do PE firms backing Medical Devices back?

Of the rounds with a named stage in the last 12 months, mostly Series A (19%) and Series B (17%).

How big are the rounds PE firms backing Medical Devices join?

The typical (median) round among the leading investors here is $62M.

Which sectors do PE firms backing Medical Devices back most?

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

Which PE firms backing Medical Devices lead the most rounds?

GIC (17 led), RA Capital Management (15 led) and T. Rowe Price (11 led).

Where are PE firms backing Medical Devices based?

Among the most active, most are based in the United States (11), the United Kingdom (2) and the Netherlands (2).

What have PE firms backing Medical Devices invested in recently?

Recent rounds include firmly (Series A, Nov 2026, with • Ark Invest), Alethio Therapeutics (Series A, Nov 2026, with RA Capital Management) and VÆRIDION (Series A, Nov 2026, with Invest-NL).

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