What are the best healthcare pods out there? As someone interviewing with several HC teams at the big platforms (and new to the industry), it's been hard to figure out who has a good reputation / track record. Specifically looking to cover therapeutics within a healthcare / biotech book
| +21 | 3x SWE FAANG Intern -> Fundamental Analyst @ HF | 13 | 5h |
| +11 | Fund 1 8%, fund 2 5%, when will fund implode? | 5 | 3h |
| +3 | Castle Hook Partners | 0 | 5d |
| +3 | Disclosed non public fund performance to a headhunter | 3 | 22m |
| +3 | Dragoneer | 1 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Based on the most helpful WSO content, here are some insights into healthcare-focused investment groups and pods:
Top Biotech VC Funds: If you're looking at early-stage therapeutics, funds like Atlas Venture, Third Rock, 5AM Ventures, Flagship, Orbimed, Versant, and ARCH are considered the "MBB/Bulge Bracket" of biotech VC. They lead many Series A deals and are highly respected in the space.
Late-Stage Biotech VC Funds: Sofinnova, Longitude, and Clarus are notable players in late-stage biotech VC. These funds have historically hired finance/consulting professionals without PhDs, though the trend is shifting towards more PhD-heavy teams.
Crossover Funds: Hedge funds and mutual funds that invest in late private rounds and anchor IPOs are also significant players in the therapeutics space. These groups often compete with traditional biotech VCs and are worth exploring.
Healthcare-Focused PE Firms: For a broader healthcare focus, firms like Orbimed, NovaQuest, and Sheridan are healthcare-only GPs. In the MF world, TPG, KKR, and Bain are recognized for their strong healthcare teams, with TPG's healthcare team being particularly well-regarded.
Healthcare Investment Banks: If you're considering a transition from banking, Centerview is a standout boutique for pharma and services, while GS and Barclays are strong among BBs for healthcare IT and services.
For therapeutics specifically, focusing on groups with a strong track record in biotech and pharma investments will be key.
Sources: Healthcare / Biotech Venture Capital?, Healthcare Overview... Part 1?, Healthcare Overview... Part 1?, Best Healthcare Investment Banks by Verticals, PE Firms With an "Moat"
Jingwen Wang - Verition
lol quality shitpost
seems like she got canned
The best pod is the one where the PM actually cares about your career development, knows your coverage well, and has made money historically consistently (and is willing to disclose this to you) in that area. That is not actually going to have high correlation with the HC pods generally perceived as great
He has retired, but Pardi was one of the GOATs.
I heard crazy numbers from his Surveyor days.
This is true. Did someone take over that team?
Also adding - Peter Goodwin, Passaic, Jeff green are all stalwarts for pan-HC teams
Baly is mostly new teams so TBD
P72 only has (still) has good pure biopharma guys given recent turnover
Not really sure about citadel anymore
Dave Brodsky
Is Avidity still around? Heard good things but not much recently
They shut down
seb de boe - baly
What is his reputation?
Very old school guy, runs super hierarchical structure with a football team of analysts. No one gets to see positions or PnL apart from him. Think there are better guys in Europe, especially when it comes to working for them as an analyst and learning.
Terrence Lee - MLP
Didn't we just have a thread on this lol
https://www.wallstreetoasis.com/forum/hedge-fund/best-biotech-pms
The BD folks in this forum clearly didn't get what they wanted
Niels Heilmann. Best in the biz tell me im wrong.
Definitely! Jain Global hires only the best.
Scott Kay - BAM
Quasi odio iste eius soluta ut nam voluptatem. Labore earum esse fuga vitae qui quidem. Deleniti numquam et omnis dolore et aut qui.
Inventore modi illum repudiandae quis voluptatem doloremque. Tempora aut ratione quibusdam. In a non possimus. Dolore assumenda enim autem consequatur.
Provident voluptatem quo totam deserunt. Voluptatem culpa quo impedit eveniet qui pariatur. Rerum voluptatibus voluptas similique qui ut et. Magni eaque omnis natus occaecati alias dolorem magnam. Autem et sunt aut aperiam quibusdam dignissimos sit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Illo hic rerum fuga aspernatur quas aspernatur. Aut eligendi odit nulla ipsa maxime. Sequi cum laudantium dolore non voluptatem laudantium omnis.
Ut quia ipsam ratione aut non delectus rerum. Sed in vel voluptatibus dolore minima sapiente vitae. Velit enim iusto quia culpa. Rerum saepe rem quae quasi dolorem quis. Sint eum modi odit qui dignissimos praesentium nihil.
Blanditiis asperiores tempora nesciunt quis itaque. Praesentium ipsa sit iusto eos. Autem sit sit minima tempora aut rem similique. Consequuntur nulla voluptatem velit et quia voluptatem. Perspiciatis ut dolorem aut quisquam voluptates. Mollitia iusto dolore optio vero numquam.