Galen Management, LLC
Galen Partners. Experienced healthcare investors focused on growth equity.
In the firm's own words, from its website.
17 additional team members, 8 additional investments, funds and LPs, 7 events, 7 verified contacts (3 professional url, 2 published business email, 1 firm phone, 1 direct business phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 6 dealswith Long River Capital Management II
Invests most often alongside Long River Capital Management II (6 shared deals).
pair last observed on record 9 Jun 2015, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- Managing DirectorWhy: Managing directorEmail
- Special Investment PartnerWhy: Partner: part of the investment decisionNo route on file yet
- Managing DirectorWhy: Managing directorNo route on file yet
Relationship network
36 connected entities8 observed rounds2 repeat counterparties7 dated rounds shown here, 2011 to 2015
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Capital provider
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Galen Management, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Galen Management, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
4 companies on record, 0 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Current Investment | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Firm website |
| Life Image | Form D equity offering | unknown · board | David William Jahns (strongly supported) | $17.6M form d sold | unknown | Jun 9, 2015 | Inference Form D |
| Aperio Technologies Inc | Form D equity offering | unknown · board | Zubeen Shroff (strongly supported) | $5.0M form d sold | unknown | May 17, 2012 | Inference Form D |
Stated thesis versus observed behaviour
- Sectors
- healthcare, biotech, medtech
- Stages
- seed, growth
- Geography
- usa
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
22 current, 1 departed
Decision makers
- Zubeen Shroff · Managing DirectorWhy this person: Managing director; Named with investment responsibilityWork email on file (their bio on the firm's website), confirmed 2026-10-01, confidence 90%
- Bill Williams · Special Investment PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility
- David William Jahns · Managing DirectorWhy this person: Managing director; Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 1 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Director · 6 deals attributed
- Managing Director · 2 deals attributed
- Special Investment Partner
Contacts
2 published business email, 1 firm phone, 1 direct business phone, 3 professional url on record, each with its source. Values open with the complete profile.
Funds and LPs
5 vehicles, 1 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Galen Partners V, L.P. | Fund | unknown | Unknown | $24.5M Apr 30, 2026 | 19 | unknown | unknown |
| Galen Partners International V, L.P. | Fund | unknown | Unknown | $2.6M Apr 30, 2026 | 5 | unknown | unknown |
| Galen Partners IV, L.P. | Fund | unknown | Unknown | $875,559 May 3, 2024 | 21 | unknown | unknown |
Limited partners
- 2 commitments to 2 funds · $60.0M disclosed
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| Colorado Public Employees' Retirement Association | STATE RETIREMENT SYSTEM | Galen Partners IV, L.P. | $30.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Colorado Public Employees' Retirement Association | STATE RETIREMENT SYSTEM | Galen Partners V, L.P. | $30.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Persi Base DB Plan | STATE RETIREMENT SYSTEM | Galen Partners V, L.P. | $25.0M committed | reported as of Mar 31, 2026 | Fact Pension disclosure |
Relationships across DFX
3 co-investors · on 2 other DFX graphs
Co-investors
- 2015-06-096 shared deals · strong
- 2015-10-011 shared deal · one time
- 2012-05-171 shared deal · one time
Across DFX and the capital chainon 2 other DFX graphs · 18 capital paths ShowHide
- The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Galen Management, LLC is the same institution as 2 records in Allocators and RIA and Wealth.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Galen Management, LLC sits on 18 traced paths of capital across the graphs.
DFX traced 18 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
12 dated events, 66 observations from 4 sources
Timeline
- May 3, 2024Galen Partners III, L.P. no longer reported on Form ADV by Galen Management, LLC
- May 3, 2024Galen Partners International III, L.P. no longer reported on Form ADV by Galen Management, LLC
- May 3, 2024Galen Employee Fund III, L.P. no longer reported on Form ADV by Galen Management, LLC
- Apr 1, 2013Galen Partners IV, L.P. first reported on Form ADV by Galen Partners (Venture Capital Fund), GAV $57,372,131
- Apr 1, 2013Galen Partners International IV, L.P. first reported on Form ADV by Galen Partners (Venture Capital Fund), GAV $4,434,768
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Apr 30, 2026 · 2 private fundsShowHide
- Headquarters
- unknown
- Office address
- unknown
- Business phone
- unknownadviserinfo.sec.gov
- Website
- GALEN.COM
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Apr 30, 2026
- Private funds reported
- 2 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $27.0Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried3 on recordShowHide
- Sep 23, 2026Micro VC (confirmed, 95%)Venture manager, reported GAV $28.1M across 5 vehicles
- Sep 15, 2026Micro VC (confirmed, 95%)Venture manager, reported GAV $39.9M across 5 vehicles
- Sep 12, 2026Micro VC (confirmed, 95%)Venture manager, reported GAV $39.7M across 3 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Apr 30, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Apr 30, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | May 3, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Apr 30, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Apr 30, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | May 3, 2024 | Fact | Form ADV |
| First Form ADV filing | 2013-04-01 | Apr 30, 2026 | Fact | Form ADV |
| First Form ADV filing | 2013-04-01 | May 3, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-04-30 | Apr 30, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-04-30 | Apr 30, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-05-03 | May 3, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Apr 30, 2026 | Fact | Form ADV |
| SEC status effective | 2013-04-01 | Apr 30, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Apr 30, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | May 3, 2024 | Fact | Form ADV |
| Business phone | Apr 30, 2026 | Fact | Form ADV | |
| Business phone | May 3, 2024 | Fact | Form ADV | |
| Contact page url | Sep 30, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Sep 30, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 13, 2026 | Fact | ||
| Legal form | Limited Liability Company | Apr 30, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | May 3, 2024 | Fact | Form ADV |
| Portfolio page | Sep 30, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 13, 2026 | Fact | ||
| Private funds reported | 2 | Apr 30, 2026 | Fact | Form ADV |
| Private funds reported | 2 | Apr 30, 2026 | Fact | Form ADV |
| Private funds reported | 5 | May 3, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $27.0M | Apr 30, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $27.0M | Apr 30, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $39.9M | May 3, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Apr 30, 2026 | Fact | Form ADV |
| Stated geography | usa “geography words on the home page” | Sep 30, 2026 | Fact | |
| Stated geography | usa “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | usa “geography words on the home page” | Sep 13, 2026 | Fact | |
| Stated sectors | Healthcare, biotech, medtech “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | Healthcare, biotech, medtech “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | Healthcare, biotech, medtech “sector words on the home page” | Sep 13, 2026 | Fact | |
| Stated stages | Seed, growth “stage words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | Seed, growth “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Seed, growth “stage words on the home page” | Sep 13, 2026 | Fact | |
| Team page | Sep 30, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 13, 2026 | Fact | ||
| Venture funds reported | 2 | Apr 30, 2026 | Fact | Form ADV |
| Venture funds reported | 2 | Apr 30, 2026 | Fact | Form ADV |
| Venture funds reported | 5 | May 3, 2024 | Fact | Form ADV |
| Website | May 3, 2024 | Fact | Form ADV | |
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 13, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersMicro VC, confirmed · 2 filing advisers share this firmShowHide
Venture manager, reported GAV $28.1M across 5 vehicles
This firm files as 2 advisers on galen.com: Galen Healthcare Management, LLC. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
- importance
- gav: 0.14 · funds: 0.67 · people: 0.88 · investments: 0.35 · co investors: 0.19
- active deployment
- investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
- emerging manager
- fund count: 8 · reported gav: $28.1M · first adv filing: 2013-04-01 · years since first filing: 13.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Adviser's first ADV filing2013-04-01source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
Not yet on record: latest vintage.