PE and VC healthcare specialist GPs are defying a difficult fundraising environment. From 2020 to 2021, PE healthcare specialist fundraising for North American and European managers increased 92.4%. Meanwhile, VC life-sciences fundraising increased 108.1%, and VC non-life-sciences healthcare fundraising rose 32.4%.
What’s more, allocations for PE healthcare specialists and VC non-life-sciences healthcare specialists have remained elevated since 2021. By contrast, VC life-sciences managers’ fundraising has normalized.
Historical outperformance by PE healthcare specialists may have contributed to fundraising success, while the track record of VC healthcare specialists has been mixed. PitchBook’s inaugural Healthcare Funds Report compiles the H1 2023 fundraising status of 450 healthcare and life-sciences specialist managers by strategic style. Read more.
