Adage Capital Management
Adage Capital Management is a Boston-based private investment firm founded in 2001 that manages equity portfolios, predominantly S&P 500 assets, for endowment and foundation clients, and has expanded into clinical-stage healthcare and biotechnology private investments.
- Company typePrivate
- Founded2001
- HeadquartersBoston, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Adage Capital Management does
Adage Capital Management, L.P. is a Boston-based private investment management firm founded in 2001 that manages equity portfolios — predominantly S&P 500 assets — on behalf of institutional clients, with a stated emphasis on endowments and foundations. The legal entity operates as a limited partnership domiciled in Massachusetts, with a small professional staff of 11–50 employees led by co-founders and Managing Directors Robert Atchinson and Phillip Gross, and Chief Operating Officer and Chief Compliance Officer Daniel Joseph Lehan. Client interaction occurs through a gated, password-protected portal that explicitly serves clients and limited partners, indicating a closed-end, relationship-driven distribution model rather than a retail or open-channel offering.
The firm's revenue model is typical of an institutional asset manager: fees earned on assets under management, with pricing not publicly disclosed. While its core competency is public-equity portfolio management, the firm has visibly expanded its private-markets activity over the October 2025 to June 2026 period, co-investing in at least eight clinical-stage healthcare and biotechnology financings across ophthalmology (Opus Genetics, Ray Therapeutics), obesity and cardiometabolic disease (Kailera Therapeutics, Corxel Pharmaceuticals), precision medicine (Mirador Therapeutics), central nervous system disorders (Ovid Therapeutics), and extracellular protein degradation (Lycia Therapeutics). In one instance — Opus Genetics — Adage acted as lead investor in a $25 million private placement of Series B Non-Voting Convertible Preferred Stock.
Beyond portfolio management, the firm has made a $10 million commitment to UNCF's Project ACCLAIM to prepare HBCU students for careers in asset and investment management, and has sponsored the HBCU Stock Pitch Competition in Boston, signaling a deliberate ecosystem and talent-pipeline initiative. No AI/ML, technology product, or platform offering is disclosed in the source data, and the firm provides no mobile application or public-facing digital service. The operating geography remains concentrated in the Northeast United States, with the firm headquartered at 200 Clarendon Street in Boston.
Adage Capital Management firmographics
Firmographics- Name
- Adage Capital Management
- Legal name
- Adage Capital Management, L.P.
- Website
- https://adagecapital.com
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Adage Capital Management is a Boston-based private investment firm founded in 2001 that manages equity portfolios, predominantly S&P 500 assets, for endowment and foundation clients, and has expanded into clinical-stage healthcare and biotechnology private investments.
- Ownership category
- akta.pro rank
Adage Capital Management industry classification
Industry- Product category
- Institutional Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Insurance General Accounts (Institutional Asset Owners) (FSAAAGAG)
Keywords
Where Adage Capital Management is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Adage Capital Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Adage Capital Management product offering
Product offeringCore offering
Adage Capital Management, L.P. is a Boston-based private investment management firm that manages equity portfolios — primarily S&P 500 and other equity holdings — for institutional clients such as endowments, foundations, and limited partners. The firm also deploys capital as an institutional investor into private company funding rounds, with notable activity in healthcare, biotechnology, and life sciences sectors (e.g., gene therapy, ophthalmology, and obesity treatment companies).
Differentiator
Problem solved
Functional benefit
Products and services
- Institutional Equity Portfolio Management
- Private Equity Investment Participation
Companies that use Adage Capital Management
Customer profileIdeal customer profiles1 record
Adage Capital Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Adage Capital Management partnerships and signals
Strategic signalRecent moves6 records
Expansion highlights4 records
Adage Capital Management competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Adage Capital Management social profiles
Digital presenceAdage Capital Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Adage Capital Management leadership team
Management profileNumber of profiles
Profiles3 records
Adage Capital Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Adage Capital Management M&A and investment
M&A and investmentM&A
Investments166 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Adage Capital Management
What does Adage Capital Management do?
Adage Capital Management, L.P. is a Boston-based private investment management firm that manages equity portfolios — primarily S&P 500 and other equity holdings — for institutional clients such as endowments, foundations, and limited partners. The firm also deploys capital as an institutional investor into private company funding rounds, with notable activity in healthcare, biotechnology, and life sciences sectors (e.g., gene therapy, ophthalmology, and obesity treatment companies).
Is Adage Capital Management a public or private company?
Adage Capital Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Adage Capital Management founded?
Adage Capital Management was founded in 2001. It employs 11 to 50 people.
Where is Adage Capital Management based?
Adage Capital Management is headquartered in Boston, United States, in the North America region.
Does Adage Capital Management have an API?
No public API is recorded for Adage Capital Management.
What industry is Adage Capital Management in?
Adage Capital Management's product category is Institutional Asset Management. Its primary akta.pro industry code is FSAAAGAG, Insurance General Accounts (Institutional Asset Owners). Its NAICS code is 523940 and its SIC code is 6282.