16 Comments
 

Based on previous WSO threads, here are some insights on top healthcare (HC) and therapeutics-focused private equity (PE) firms and investment banks:

Top Healthcare PE Firms:

  • TPG: Known for having a strong healthcare team, TPG was the healthcare PE firm of the year in 2021 according to PEI. They have a separate vehicle for healthcare investments.
  • KKR: Recognized for their robust healthcare team.
  • Bain Capital: Noted for their strong performance in the healthcare sector, particularly in life sciences.

Top Healthcare Investment Banks:

  • PWP (Perella Weinberg Partners)
  • JPM (J.P. Morgan)
  • Leerink
  • Houlihan Lokey (HL): Especially strong in multi-unit/PPM space.
  • Cowen: Noted for their acquisition by TD.

Key Points:

  • Healthcare IT (HCIT): This sector has seen record M&A and healthcare issuance, with significant interest from both strategic buyers and PE firms.
  • Healthcare Services: This area is very dynamic and busy, with a lot of buyout activity.
  • Broad Exit Opportunities: Skills from healthcare investment banking are broadly applicable to other industries, offering diverse exit opportunities.

These firms and sectors are highly regarded for their expertise and performance in the healthcare and therapeutics space.

Sources: Healthcare Investment Banking Q&A, Bain Capital Healthcare, Are we at peak pod shop?, Can we start a thread on the pros and cons of different coverage groups from a work / career perspective?, Healthcare PE - top shops

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Bump - curious who cleans up in services vs medtech vs life sciences? Also any insight on alt data piece for services, how important is it, how are the teams tracking adj admissions etc

 

Rerum cumque quo debitis velit tenetur aut. Non aspernatur odit commodi itaque ex et. Architecto laudantium ea illum labore reprehenderit molestiae soluta. Omnis esse nam natus soluta iure.

Career Advancement Opportunities

July 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • Citadel Investment Group 97.1%
  • AQR Capital Management 96.2%
  • Magnetar Capital 95.2%

Overall Employee Satisfaction

July 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.1%
  • Citadel Investment Group 96.1%
  • Millennium Partners 95.1%

Professional Growth Opportunities

July 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.2%

Total Avg Compensation

July 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $423
  • NA (9) $320
  • Engineer/Quant (86) $288
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (77) $191
  • Analysts (242) $181
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (282) $96
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”