HealthQuest Capital
- Company typePrivate
- Founded2013
- HeadquartersRedwood City, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
HealthQuest Capital firmographics
Firmographics- Name
- HealthQuest Capital
- Legal name
- HealthQuest Capital Management, L.P.
- Website
- http://healthquestcapital.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
HealthQuest Capital industry classification
Industry- Product category
- Healthcare Growth Equity / Private Equity
- NAICS
- Other Financial Vehicles (525990)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Healthcare & Life Sciences Growth Equity (FSANACAB)
Keywords
Where HealthQuest Capital is headquartered
LocationHeadquarters
- HQ city
- Redwood City
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
HealthQuest Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Management Fees: HealthQuest Capital generates revenue through management fees charged on assets under management as a percentage of committed capital, typical for private equity and growth equity funds.
- Carried Interest: The firm earns carried interest (performance fees) from successful portfolio exits, representing a percentage of profits above the preferred return threshold for LPs.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
HealthQuest Capital product offering
Product offeringCore offering
HealthQuest Capital is a healthcare-focused growth equity and private investment firm that provides growth capital to commercial-stage healthcare companies across services, healthcare IT, medical devices, diagnostics, and pharma services. The firm operates two primary investment strategies—Growth Equity and Tactical Opportunities—deploying equity and equity-linked securities in structures tailored to each portfolio company's needs, while generating returns for institutional limited partners. Beyond capital, the firm offers strategic guidance, operational expertise, and network connectivity through its Industry Advisory Board.
Product overview
HealthQuest Capital is a healthcare-focused growth equity and investment firm that provides capital to transformative healthcare companies. The firm operates two primary investment strategies: Growth Equity and Tactical Opportunities, deploying various investment structures tailored to partner companies. They invest across healthcare services, healthcare IT, medical devices, diagnostics, and pharma services sectors, focusing on commercial-stage companies ready to scale. The firm's portfolio includes 52 portfolio companies across these healthcare subsectors.
Differentiator
Problem solved
Functional benefit
Products and services
- Growth Equity Strategy Growth equity investment strategy providing equity and equity-linked capital to commercial-stage healthcare companies ready to scale across services, healthcare IT, medical devices, diagnostics, and pharma services. The strategy supports portfolio companies with operating expertise and network connectivity. Targets commercial-stage healthcare companies and institutional LPs that commit capital to the underlying fund.
- Tactical Opportunities Strategy Tactical opportunities investment strategy that deploys flexible capital structures (including equity and equity-linked securities) tailored to the unique needs of commercial-stage healthcare companies, complementing the firm's Growth Equity strategy. Targets commercial-stage healthcare companies and institutional LPs that commit capital to the underlying fund.
Quantifiable outcome
- 23 successful exits through IPO and M&A transactions
- +2 more outcomes
Companies that use HealthQuest Capital
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
HealthQuest Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
HealthQuest Capital partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Garheng Kong - Board RolescoreGarheng Kong serves as Lead Independent Director of LabCorp (LH), board member of Smith & Nephew PLC (SNN), Xeris Biopharma (XERS), IKS Health (NSE: IKS), Duke University Health System, Duke University Board of Trustees, Dell Children's Foundation, UT Medicine, UT President's Commercial Advisory Board, and Austin Healthcare Council, providing extensive healthcare industry connections.
- GrowthCap AdvisoryminorGrowthCap Advisory provides recognition and visibility for HealthQuest Capital through awards including Top Healthcare Investors and Top Private Equity Firm rankings.
- Industry Advisory BoardcoreHealthQuest Capital maintains an extensive Industry Advisory Board composed of former executives from major healthcare organizations including Kaiser Permanente, LabCorp, Optum Health, Johnson & Johnson, Cardinal Health, Becton Dickinson, Medtronic, Robert Wood Johnson Foundation, and others. This board provides strategic guidance, deal sourcing, and portfolio company support.
Scale indicators10 records
Recent moves6 records
Expansion highlights5 records
HealthQuest Capital competitors and assessment
Company assessmentDirect peers
- New Leaf Venture Partners: Healthcare-focused growth equity firm investing in commercial-stage life sciences and healthcare companies. Highly comparable to HealthQuest in stage, sub-sector focus, and fund size.
- Frazier Healthcare Partners: Dedicated healthcare growth equity firm with both growth and buyout strategies. HealthQuest Partner Sam Brasch was previously an investment professional at Frazier, indicating direct comparability in stage, focus, and approach.
- SV Health Investors: Healthcare-focused growth equity and venture firm with a long track record. HealthQuest Vice President Bill Gerard was previously a Senior Associate at SV Health, and the firms share stage and sub-sector overlap.
- Bain Capital Life Sciences: Healthcare and life sciences-dedicated platform investing across stages from venture to growth. HealthQuest Associate Hardi Patel was previously an investor at Bain Capital Life Sciences, reflecting overlapping investment mandates.
- New Enterprise Associates (NEA): Large, multi-stage venture and growth equity firm with a significant healthcare practice. HealthQuest Principal Emily Zhen was previously on NEA's healthcare team where she invested over $500M, indicating strong comparability in growth-stage healthcare investing.
- Kaiser Permanente Ventures: Strategic healthcare venture and growth fund affiliated with Kaiser Permanente. HealthQuest Partner Sam Brasch was previously Senior Managing Director of KP Ventures, evidencing direct comparability in commercial-stage healthcare investing.
- Linden Capital Partners: Healthcare-dedicated middle-market private equity firm focused on healthcare services and products. Comparable to HealthQuest in healthcare-only mandate, mid-sized AUM, and commercial-stage orientation.
Broad incumbents
- Blackstone Life Sciences: Large-scale life sciences investment platform within Blackstone. HealthQuest Senior Advisor Emmett Cunningham was previously Senior Managing Director at Blackstone Life Sciences, indicating direct overlap in healthcare investing at larger scale.
- Welsh, Carson, Anderson & Stowe: Healthcare-specialist private equity firm with a long history across services, devices, and healthcare IT. Comparable in sub-sector breadth though typically operating at a meaningfully larger AUM than HealthQuest.
Emerging players
- Gurnet Point Capital: Healthcare-focused investment firm that backs commercial-stage and growth-stage healthcare companies. Comparable sub-sector focus and stage orientation, though with a more limited public track record.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
HealthQuest Capital social profiles
Digital presenceHealthQuest Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
HealthQuest Capital leadership team
Management profileNumber of profiles
Profiles16 records
HealthQuest Capital funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HealthQuest Capital M&A and investment
M&A and investmentM&A
Investments61 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HealthQuest Capital
What does HealthQuest Capital do?
HealthQuest Capital is a healthcare-focused growth equity and private investment firm that provides growth capital to commercial-stage healthcare companies across services, healthcare IT, medical devices, diagnostics, and pharma services. The firm operates two primary investment strategies—Growth Equity and Tactical Opportunities—deploying equity and equity-linked securities in structures tailored to each portfolio company's needs, while generating returns for institutional limited partners. Beyond capital, the firm offers strategic guidance, operational expertise, and network connectivity through its Industry Advisory Board.
Is HealthQuest Capital a public or private company?
HealthQuest Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was HealthQuest Capital founded?
HealthQuest Capital was founded in 2013. It employs 11 to 50 people.
Where is HealthQuest Capital based?
HealthQuest Capital is headquartered in Redwood City, United States, in the North America region.
How does HealthQuest Capital make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest.
Who are HealthQuest Capital's main competitors?
Direct peers on record are New Leaf Venture Partners, Frazier Healthcare Partners, SV Health Investors, Bain Capital Life Sciences, New Enterprise Associates (NEA), Kaiser Permanente Ventures and Linden Capital Partners. Broad incumbents are Blackstone Life Sciences and Welsh, Carson, Anderson & Stowe. Gurnet Point Capital is listed as an emerging player.
Does HealthQuest Capital have an API?
No public API is recorded for HealthQuest Capital.
What industry is HealthQuest Capital in?
HealthQuest Capital's product category is Healthcare Growth Equity / Private Equity. Its primary akta.pro industry code is FSANACAB, Healthcare & Life Sciences Growth Equity. Its NAICS code is 525990 and its SIC code is 6282.