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VentureFirmmulti stage vc · probableregistered_investment_adviser

Healthquest Capital Management, L.P.

Venture Capital

Austin, TX

We invest in commercial stage innovations across the healthcare spectrum: medical devices and technologies, healthcare services and diagnostics

This is the graph view. The full profile, with its team, deals and sources, is on Venture Capital.Open the full profile →

Search this name across graphsid dfx:vc:ab9a95b3-05f6-4355-a265-246a3b363fe9

Data as of Sep 17, 2026 (this record's last observation) from federal regulator filings, firm and issuer disclosures. Page built Sep 20, 2026, 9:16 PM UTC and rebuilt at most every 15 minutes.

Relationships: 18
Dated events: 14
On other graphs: 3
Observed: Sep 12, 2026 to Sep 17, 2026
51 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Independent Sponsorsidentity

Healthquest Capital Management, L.P.

Capital provider to sponsors · shared crd

Private Equityidentity

Healthquest Capital Management, L.P.

Private equity manager · shared crd

RIA / Wealth Managementidentity

HEALTHQUEST CAPITAL MANAGEMENT, L.P.

Registered adviser · shared crd

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Funds: 9
Vintages: 2016 to 2023
Reported GAV: $1.8Bgross asset value on Form ADV; never dry powder
Regulatory AUM: $1.8B
Funds with fundraising evidence: 0derived
Investments: 2
Portfolio companies: 2
Investments, 12m: 2
Partner-attributed: 1
People: 5
Investment professionals: 5derived
Co-investors: 0derived
LP relationships: 0
Stated sectors: healthcareas stated by the firm
Latest Form D: Apr 12, 2023
Latest ADV filing: Mar 30, 2026
Website: healthquestcapital.com

Funds

Fund	Vintage	Lifecycle	Form D sold	GAV
Healthquest Tactical Opportunities Fund, L.P.	2023	Active deployment	$300M	$310M
Healthquest Partners IV, L.P.	2022	Active deployment	$675M	$715M
Healthquest Madison Spv, L.P.	2021	Mature	$50.0M	$52.9M
Healthquest Ajax Iii-A Spv, L.P.	2021	Mature	$35.0M	$34.8M
Healthquest Ajax III Spv, L.P.	2019	Mature	$40.2M	$40.5M
Healthquest Ajax II Spv, L.P.	2019	Mature	$25.0M	$31.5M
Healthquest Partners III, L.P.	2019	Mature	$440M	$437M
Healthquest Partners II, L.P.	2016	Harvest	$225M	$173M
Sofinnova Healthquest Partners, L.P.	n/a	Unknown	n/a	$21.2M

Investments

round size is never this investor's check

Company	State	Stage	Round size	Partner	Attribution	Observed
Show + Tell	n/a	n/a	n/a	n/a	Unknown	Sep 16, 2026
Connie Health	n/a	Series b	n/a	Randy Scott	Confirmed	Jun 18, 2026

Co-investors

pairs come only from shared rounds and listings

Investor	Co-investor	Shared deals	Shared companies	Last observed	Strength
JSL Capital	HealthQuest Capital	1	1	Jun 18, 2026	One time
Omega Fund Management, LLC	HealthQuest Capital	1	1	Sep 16, 2026	One time
Atlas Venture	HealthQuest Capital	1	1	Sep 16, 2026	One time

Relationships

Member of firm (1)

← Healthquest Capital Management Company, LLCFirmSame registered website
inferenceForm ADV

Invested in (1)

→ Show + TellCompanyPortfolio listing
Sep 16, 2026 to presentfactThe subject's own site

Manages (9)

→ Sofinnova Healthquest Partners, L.P.FundVenture Capital Fund
Apr 13, 2018 to presentfactForm ADV
→ Healthquest Partners III, L.P.FundVenture Capital Fund
Mar 30, 2020 to presentfactForm ADV
→ Healthquest Ajax III Spv, L.P.FundVenture Capital Fund
Mar 30, 2020 to presentfactForm ADV
→ Healthquest Ajax II Spv, L.P.FundVenture Capital Fund
Mar 30, 2020 to presentfactForm ADV
→ Healthquest Ajax Iii-A Spv, L.P.FundVenture Capital Fund
Mar 28, 2022 to presentfactForm ADV
→ Healthquest Madison Spv, L.P.FundVenture Capital Fund
Mar 28, 2022 to presentfactForm ADV
→ Healthquest Partners IV, L.P.FundVenture Capital Fund
Mar 21, 2023 to presentfactForm ADV
→ Healthquest Tactical Opportunities Fund, L.P.FundVenture Capital Fund
Jun 26, 2023 to presentfactForm ADV
→ Healthquest Partners II, L.P.FundVenture Capital Fund
Mar 28, 2022 to presentfactForm ADV

Employs (4)

→ Behzad AghazadehPersonMember
May 1, 2019 to presentfactForm ADV
→ Ajay MadanPersonChief Compliance Officer & General Counsel Of The General Partner
Jun 1, 2023 to presentfactForm ADV
→ Garheng Albert KongPersonMember
May 1, 2019 to presentfactForm ADV
→ Manfred Hsiao-Wei YuPersonChief Financial Officer Of The General Partner
Feb 1, 2018 to presentfactForm ADV

Owns (3)

← Healthquest Capital Management Company, LLCFirmGeneral Partner
Feb 1, 2018 to presentfactForm ADV
← Avoro Capital L.P.FirmLimited Partner
May 1, 2019 to presentfactForm ADV
← Avoro Capital GP LLCFirmGeneral Partner
May 1, 2019 to presentfactForm ADV

Dated events

11 bookkeeping events (roster, classification and holdings changes) folded below

Occurred
Jun 1, 2023
Person joined
Ajay Madan joined Schedule A of Healthquest Capital Management, L.P. as Chief Compliance Officer & General Counsel Of The General Partner
Form ADVobserved 8 days ago
Occurred
May 1, 2019
Person joined
Behzad Aghazadeh joined Schedule A of Healthquest Capital Management, L.P. as Member
Form ADVobserved 8 days ago
Occurred
Apr 13, 2018
Adviser's first ADV filing
Healthquest Capital Management, L.P. first filed Form ADV (ERA, venture capital fund adviser exemption)
Form ADVobserved 8 days ago

Show 11 bookkeeping events

Occurred
Jun 26, 2023
Healthquest Tactical Opportunities Fund, L.P. first reported on Form ADV by Healthquest Capital Management, L.P. (Venture Capital Fund), GAV $303,750,000
Occurred
Mar 21, 2023
Healthquest Partners IV, L.P. first reported on Form ADV by Healthquest Capital Management, L.P. (Venture Capital Fund), GAV $685,279,188
Occurred
Mar 28, 2022
Healthquest Madison Spv, L.P. first reported on Form ADV by Healthquest Capital Management, L.P. (Venture Capital Fund), GAV $50,046,627
Occurred
Mar 28, 2022
Healthquest Partners II, L.P. no longer reported on Form ADV by Healthquest Capital Management, L.P.
Occurred
Mar 28, 2022
Sofinnova Healthquest Partners, L.P. first reported on Form ADV by Healthquest Capital Management, L.P. (Venture Capital Fund), GAV $63,220,408
Occurred
Mar 28, 2022
Healthquest Ajax Iii-A Spv, L.P. first reported on Form ADV by Healthquest Capital Management, L.P. (Venture Capital Fund), GAV $34,981,963
Occurred
Mar 28, 2022
Healthquest Partners II, L.P. first reported on Form ADV by Healthquest Capital Management, L.P. (Venture Capital Fund), GAV $321,484,398
Occurred
Mar 28, 2022
Sofinnova Healthquest Partners, L.P. no longer reported on Form ADV by Healthquest Capital Management, L.P.
Occurred
Mar 30, 2020
Healthquest Ajax II Spv, L.P. first reported on Form ADV by Healthquest Capital Management, L.P. (Venture Capital Fund), GAV $33,863,715
Occurred
Mar 30, 2020
Healthquest Ajax III Spv, L.P. first reported on Form ADV by Healthquest Capital Management, L.P. (Venture Capital Fund), GAV $41,257,500
Occurred
Mar 30, 2020
Healthquest Partners III, L.P. first reported on Form ADV by Healthquest Capital Management, L.P. (Venture Capital Fund), GAV $443,150,192

Who to call

the organisation, the role and the published line, with the filing or website that published it; revealed to signed-in accounts

The firm's published line

Revealable: 1 business phone (Form ADV), 1 website (Form ADV), 1 work email (firm website) · as of 2026-09-17

Also named here, with no published line of their own (reach them through the firm): Behzad Aghazadeh (Member), Ajay Madan (Chief Compliance Officer & General Counsel Of The General Partner), Garheng Albert Kong (Member), Manfred Hsiao-Wei Yu (Chief Financial Officer Of The General Partner).

Who to call is the organisation, the person's role and the line they published themselves: a business phone, office address, website or profile link from Form ADV, Form 13F or their own website, with that source named on every value. The counts above are what a reveal returns; a personal email is rarely published, so most reveals are the firm's line. Never data bought from a provider, never anything personal. Reveals by plan

Provenance

Graph: Venture Capital
Canonical id: dfx:vc:ab9a95b3-05f6-4355-a265-246a3b363fe9
First observed: Sep 12, 2026
Last observed: Sep 17, 2026 3 days ago
Source families: Federal regulator filings, Firm and issuer disclosures
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

Healthquest Capital Management, L.P.

Venture Capital

Austin, TX

We invest in commercial stage innovations across the healthcare spectrum: medical devices and technologies, healthcare services and diagnostics

This is the graph view. The full profile, with its team, deals and sources, is on Venture Capital.Open the full profile →

Search this name across graphsid dfx:vc:ab9a95b3-05f6-4355-a265-246a3b363fe9

Data as of Sep 17, 2026 (this record's last observation) from federal regulator filings, firm and issuer disclosures. Page built Sep 20, 2026, 9:16 PM UTC and rebuilt at most every 15 minutes.

Fund

Vintage

Lifecycle

Form D sold

GAV

LPs

Healthquest Tactical Opportunities Fund, L.P.

2023

Active deployment

$300M

$310M

Healthquest Partners IV, L.P.

2022

Active deployment

$675M

$715M

Healthquest Madison Spv, L.P.

2021

Mature

$50.0M

$52.9M

Healthquest Ajax Iii-A Spv, L.P.

2021

Mature

$35.0M

$34.8M

Healthquest Ajax III Spv, L.P.

2019

Mature

$40.2M

$40.5M

Healthquest Ajax II Spv, L.P.

2019

Mature

$25.0M

$31.5M

Healthquest Partners III, L.P.

2019

Mature

$440M

$437M

Healthquest Partners II, L.P.

2016

Harvest

$225M

$173M

Sofinnova Healthquest Partners, L.P.

n/a

Unknown

n/a

$21.2M

Company

State

Stage

Round size

Partner

Attribution

Observed

Show + Tell

n/a

Unknown

Sep 16, 2026

Connie Health

n/a

Series b

n/a

Randy Scott

Confirmed

Jun 18, 2026

Investor

Co-investor

Shared deals

Shared companies

Last observed

Strength

JSL Capital

HealthQuest Capital

Jun 18, 2026

One time

Omega Fund Management, LLC

HealthQuest Capital

Sep 16, 2026

One time

Atlas Venture

HealthQuest Capital

Sep 16, 2026

One time