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HEALTHCARE ROYALTY PARTNERS

Venture debt

New York · 27 people tracked

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Investment thesis

HCRx focuses on advancing biopharmaceutical innovation through creative capital solutions, principally royalty monetization and corporate financing arrangements for life sciences and biopharma companies. Since inception the firm has committed more than $7 billion across over 110 biopharma products, supporting companies that develop and commercialize approved and near-approval therapeutics. Its financing model provides non-dilutive capital tied to product revenues and royalty streams rather than traditional early-stage venture equity.

Invests inBiotechHealthtechNew YorkStamfordUnited KingdomUnited States

Source: firm website, verified Aug 6, 2026.

HQ
New York, US
Instruments
Debt
Tracked investments
79

Team · 27 people

from the firm's website
Clarke B. Futch· Chairman and Chief Executive Officer
John A. Urquhart· Senior Managing Director
Joshua C. House· Managing Director
Aaron B. Simon· Associate
Amy J. Zacharias· Senior Vice President and Controller
Andrew Logerfo· Vice President
Carlos M. Almodóvar· Chief Business Officer
Christopher A. White· President and Chief Financial Officer
David Oron· Analyst
Eric Yoo· Vice President, PharmD
Evan Bograd· Vice President
Hayden C.B. Futch· Associate
Jason Dorr· Associate, PharmD
Jeffrey Jung· Chief Legal Officer
Lauren C. Dunn· Executive Assistant
Max Serrano-Wu· Analyst
Michele D. Romaniello· Chief of Staff
Rosa I. Mercado· Finance Clerk
Ryan P. Delaney· Associate
Sean M. McMerriman· Fund Accountant
Shin W. Kang· Chief Scientific Officer, PhD
Spencer H. Schneider· Chief Compliance Officer and Chief Patent Counsel
Stephanie A. Gilbey· Executive Assistant
Thomas K. Conner· Chief Accounting Officer and Treasurer
Tolly Flinn· Senior Associate
Warren D. Cooper· Chief Medical Officer, MB, BS, BSc, MFPM
Yichen Wang· Vice President, MD, PhD

What they invest in

from 12 of 79 portfolio companies

Biotech ×12Healthtech ×4Medical Devices ×4Deep Tech ×1

HQs:United States×11

Investments · 79 tracked

founders shown can be your intro path
AgenusNASDAQ: AGEN

BiotechHealthtechMedical DevicesLexington, US

Tom Dechaene(Director)Ozer Baysal(Executive Officer)Wadih Jordan(Director)Garo Armen(Executive Officer, Director)Robert Stein(Executive Officer)Timothy Wright(Director)

Apnimedapnimed.comin𝕏NASDAQ: APMD

BiotechHealthtechCambridge, US

Paul Fonteyne(Director)Kevin Lind(Director)Gary Sender(Director)Dennis Molnar(Executive Officer)Joseph C. Avellone(Director)Lawrence G. Miller(Executive Officer, Director)

Aptevo TherapeuticsNASDAQ: APVO

BiotechSeattle, US

Marvin L White(Executive Officer, Director)

ArdelyxNASDAQ: ARDX

BiotechFremont, US

Annalisa Jenkins(Director)Mark Kaufmann(Executive Officer)Elizabeth Grammer(Executive Officer)Richard Rodgers(Director)Gordon Ringold(Director)Peter G. Schultz(Director)

Atara Biotherapeuticsatarabio.comin𝕏NASDAQ: ATRA

Atara Biotherapeutics develops allogeneic T-cell immunotherapies using its proprietary EBV T-cell platform to harness the immune system for treating disease.

BiotechHealthtechMedical DevicesThousand Oaks, US

Coherus Biosciencescoherus.comin𝕏NASDAQ: CHRS

Coherus Oncology develops and commercializes immuno-oncology therapies, including the approved LOQTORZI, to treat patients with cancer.

BiotechHealthtechMedical DevicesRedwood City, US

Barbara K Finck, M.D.(Executive Officer)Ali J. Satvat(Director)Mats Wahlstrom(Director)Alan C. Herman(Executive Officer)Dennis M. Lanfear(Executive Officer, Director)Jean-Frederic Viret, Ph.D.(Executive Officer)

Karyopharm TherapeuticsNASDAQ: KPTI

BiotechNewton, US

Peter Honig(Director)Barry E. Greene(Director)Stuart Poulton(Executive Officer)Michael Mano(Executive Officer)Reshma Rangwala(Executive Officer)Richard Paulson(Executive Officer, Director)

Nektar TherapeuticsNASDAQ: NKTR

BiotechSan Francisco, US

Lutz Lingnau(Director)Howard W. Robin(Executive Officer, Director)Gil M. Labrucherie(Executive Officer)Maninder Hora(Executive Officer)Stephen K. Doberstein(Executive Officer)John Nicholson(Executive Officer)

RegenxbioNASDAQ: RGNX

BiotechWashington, US

Kenneth T. Mills(Executive Officer, Director)John Daniel Kiser(Director)Allan M. Fox(Director)Benjamin Auspitz(Director)Donald J. Hayden, Jr.(Director)

Spero TherapeuticsinNASDAQ: SPRO

BiotechCambridge, US

Patrick Vink(Director)Milind Deshpande(Director)Jean-Francois Formela(Director)Reza Halse(Director)Casper Breum(Director)Ankit Mahadevia(Executive Officer, Director)

Acorda Therapeutics Inc
Adamas Pharmaceuticals
Adc Therapeutics
Adynovate
Akebia
Albireo Pharma Inc
Bexacat
Beyonttra
Bridgebiobridgebio.comin𝕏
Bridgebio Pharma Inc
Cara Therapeutics
Cetrotide
Chiasma

BiotechNewton Centre, US

Scott Minick(Director)John A. Scarlett(Director)Chaime Orlev(Executive Officer)Todd T. Foley(Director)Vincent Miles(Director)Ansbert K. Gadicke(Director)

Clearside Biomedical
Copiktratm
Curis Inc
Dyax
Ebvallo
Eligard
Elobixibat
Erivedge
Esperion
Fampyra
Genfit
Heidelberg
Hemgenix
Inavir
Iqirvo
Jnj 1900 Nbtxr3
Karyopharm
Korsuva
La Jolla Pharmaceutical Company
Lantheus
Lexiva
Liquidia
Lumify
Lyrica
Modeyso
Movantik
Nanobiotixnanobiotix.comin𝕏

Nanobiotix is a biotechnology company developing NBTXR3, a physics-based radioenhancer designed to increase radiotherapy effectiveness in solid tumors including head, neck, and lung cancers.

BiotechDeep TechMedical Devices

Opko
Oracea
Orenitram
Portola
Progenics Pharmaceuticals
Qs 21 Adjuvant Including Shingrix
Raptor
Redhill Biopharma Ltd
Relistor
Relypsa

Fund performance · per public LP disclosures

as of Jun 2024
FundVintageCommittedNet IRRTVPIDPI
HealthCare Royalty Partners III, L.P.LPs: Florida State Board of Administration20079.1%1.27x1.27x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What sectors does HEALTHCARE ROYALTY PARTNERS focus on?
HEALTHCARE ROYALTY PARTNERS focuses on Biotech, Healthtech.
Where is HEALTHCARE ROYALTY PARTNERS located?
HEALTHCARE ROYALTY PARTNERS is headquartered in New York, US.

Images

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