Healthquest Capital Management, L.P.
We invest in commercial stage innovations across the healthcare spectrum: medical devices and technologies, healthcare services and diagnostics
In the firm's own words, from its website.
2 additional team members, 9 additional investments, funds and LPs, 11 events, 2 verified contacts (1 general firm email, 1 firm 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
- 1 companynew in 12 months
1 new company in the last 12 months. Latest round Connie Health Series B (led) on 18 Jun 2026.
A firm writing cheques this quarter is one a founder can pitch now.
- 1 roundled by Randy Scott
Randy Scott leads the most rounds on record: 1 round, latest Connie Health Series B (18 Jun 2026).
The partner who leads is the one to reach; the rest of the team follows a lead partner's call.
People to know
View all people- PartnerWhy: Partner: part of the investment decisionNo route on file yet
- MemberWhy: Named with investment responsibilityNo route on file yet
- MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
19 connected entities1 observed roundrounds 2026
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
- 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 Healthquest Capital Management, L.P.: 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 Healthquest Capital Management, L.P.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
4 companies on record, 1 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 |
|---|---|---|---|---|---|---|---|
| Show + Tell | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Firm website |
| Connie Health | Series B · Series B | lead | Randy Scott (confirmed) | unknown | unknown | Jun 18, 2026 | Fact Press release |
Stated thesis versus observed behaviour
- Sectors
- healthcare
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
5 current, 0 departed
Decision makers
- Randy Scott · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility; Led 1 round on record
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. 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.- Partner · led 1 round on record
- Member
- Member
Contacts
1 general firm email, 1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
9 vehicles, 0 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 |
|---|---|---|---|---|---|---|---|
| Healthquest Tactical Opportunities Fund, L.P. | Opportunity fund · ADV: Private Equity Fund | 2023 form d first sale | Active deployment | $356M Mar 30, 2026 | 4 | $300M of $300M | Apr 12, 2023 |
| Healthquest Partners IV, L.P. | Fund | 2022 form d first sale | Active deployment | $682M Mar 30, 2026 | 110 | $675M of $675M | May 17, 2022 |
| Healthquest Madison Spv, L.P. | SPV or co-invest vehicle | 2021 form d first sale | Mature | $57.5M Mar 30, 2026 | 35 | $50.0M of $50.0M | Jun 3, 2021 |
Limited partners
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 |
|---|---|---|---|---|---|
| Orange County Employees Retirement System | PUBLIC PENSION | Healthquest Partners III, L.P. | $25.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Peierls Foundation | FOUNDATION | Healthquest Ajax Iii-A Spv, L.P. | $886,806 fair value on the foundation's return | reported as of Oct 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
| Peierls Foundation | FOUNDATION | Healthquest Partners II, L.P. | $727,959 fair value on the foundation's return | reported as of Oct 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
Relationships across DFX
3 co-investors · on 4 other DFX graphs
Co-investors
- 2026-09-161 shared deal · one time
- 2026-09-161 shared deal · one time
- 2026-06-181 shared deal · one time · this firm led 1
Across DFX and the capital chainon 4 other DFX graphs · 2 capital paths ShowHide
- Sponsor-market profile (matched by same CRD)
- The same institution is held on Allocators, Independent Sponsors, Private Equity, RIA and Wealth, matched by identifier. See which records
Healthquest Capital Management, L.P. is the same institution as 4 records in Allocators, Independent Sponsors, Private Equity and RIA and Wealth.
DFX found 4 relationships across 4 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…
Healthquest Capital Management, L.P. sits on 2 traced paths of capital across the graphs.
DFX traced 2 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
16 dated events, 65 observations from 3 sources
Timeline
- Mar 30, 2026Hqtof Endeavor Spv-B, L.P. first reported on Form ADV by Healthquest Capital Management, L.P. (Private Equity Fund), GAV $6,163,020
- Mar 30, 2026Hqtof Endeavor Spv, L.P. first reported on Form ADV by Healthquest Capital Management, L.P. (Private Equity Fund), GAV $17,127,661
- Jun 26, 2023Healthquest Tactical Opportunities Fund, L.P. first reported on Form ADV by Healthquest Capital Management, L.P. (Venture Capital Fund), GAV $303,750,000
- Jun 1, 2023Ajay Madan joined Schedule A of Healthquest Capital Management, L.P. as Chief Compliance Officer & General Counsel Of The General Partner
- Mar 21, 2023Healthquest Partners IV, L.P. first reported on Form ADV by Healthquest Capital Management, L.P. (Venture Capital Fund), GAV $685,279,188
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 30, 2026 · 11 private fundsShowHide
- Headquarters
- Austin, TXadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- HEALTHQUESTCAPITAL.COM
- SEC adviser type
- Registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 30, 2026
- Private funds reported
- 11 (8 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $1.8Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $1.8Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 28
- Owners on Schedule A
- Avoro Capital GP LLC (General Partner); Avoro Capital L.P. (Limited Partner), owns 75% or more; Healthquest Capital Management Company, LLC (General Partner), owns under 5%
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Multi-stage venture firm (probable, 80%)Both early and growth/opportunity families, reported GAV $1.8B
- Sep 12, 2026Multi-stage venture firm (probable, 80%)Both early and growth/opportunity families, reported GAV $1.8B
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC funds reported | Mar 30, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 30, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 30, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 25, 2024 | Fact | Form ADV |
| First Form ADV filing | 2018-04-13 | Mar 30, 2026 | Fact | Form ADV |
| First Form ADV filing | 2018-04-13 | Mar 25, 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 | 2026-03-30 | Mar 30, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-30 | Mar 30, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-25 | Mar 25, 2024 | Fact | Form ADV |
| SEC status | Approved | Mar 30, 2026 | Fact | Form ADV |
| SEC status effective | 2023-04-21 | Mar 30, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 30, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 25, 2024 | Fact | Form ADV |
| Business phone | Mar 30, 2026 | Fact | Form ADV | |
| Business phone | Mar 25, 2024 | Fact | Form ADV | |
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 15, 2026 | Fact | ||
| Employees | 28 | Mar 30, 2026 | Fact | Form ADV |
| Employees | 22 | Mar 25, 2024 | Fact | Form ADV |
| Headquarters | Austin, TX | Mar 30, 2026 | Fact | Form ADV |
| Headquarters | Austin, TX | Mar 25, 2024 | Fact | Form ADV |
| Office address | Mar 30, 2026 | Fact | Form ADV | |
| Office address | Mar 25, 2024 | Fact | Form ADV | |
| Legal form | Limited Partnership | Mar 30, 2026 | Fact | Form ADV |
| PE funds reported | 3 | Mar 30, 2026 | Fact | Form ADV |
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 15, 2026 | Fact | ||
| Private funds reported | 11 | Mar 30, 2026 | Fact | Form ADV |
| Private funds reported | 11 | Mar 30, 2026 | Fact | Form ADV |
| Private funds reported | 9 | Mar 25, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.8B | Mar 30, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.8B | Mar 30, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.8B | Mar 25, 2024 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $1.8B | Mar 30, 2026 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $1.8B | Mar 25, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 29, 2026 | Fact | Form ADV |
| Stated sectors | healthcare “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | healthcare “sector words on the home page” | Sep 15, 2026 | Fact | |
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 15, 2026 | Fact | ||
| Venture funds reported | 8 | Mar 30, 2026 | Fact | Form ADV |
| Venture funds reported | 8 | Mar 30, 2026 | Fact | Form ADV |
| Venture funds reported | 9 | Mar 25, 2024 | Fact | Form ADV |
| Website | Mar 30, 2026 | Fact | Form ADV | |
| Website | Mar 25, 2024 | Fact | Form ADV | |
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 15, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, probable · 2 filing advisers share this firmShowHide
Both early and growth/opportunity families, reported GAV $1.8B
This firm files as 2 advisers on healthquestcapital.com: Healthquest Capital Management Company, 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: 0.68 · funds: 0.75 · people: 0.2 · investments: 0.11 · co investors: 0.19
- active deployment
- investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-06-18
- emerging manager
- fund count: 9 · reported gav: $1.8B · first adv filing: 2018-04-13 · years since first filing: 8.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Merged in2026-09-14
- Adviser's first ADV filing2018-04-13source 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.