In 2025, fundraising activity for healthcare specialist managers matched the broader private markets: a slowdown in volume, with capital concentrating into fewer, larger vehicles. Capital flowed to established managers at the expense of emerging and smaller funds. According to PitchBook’s latest H2 2025 Healthcare Funds Report, top managers in healthcare PE have steadily increased fund sizes as the strategy matures, with the largest funds now entering upper middle-market and mega-fund categories. Healthcare continues to capture a growing share of total PE commitments—and over the past two years, healthcare funds have exceeded their target sizes more frequently than other middle-market funds.
Read the full article: PitchBook H2 2025 Healthcare Funds Report //
Source: https://pitchbook.com/news/reports/h2-2025-healthcare-funds-report