New York · Growth–Late Stage · 49 people tracked
Find your way into WCAS
1,171 people in our graph share verified history with the WCAS team — schools, employers, funds. One of them is your warm intro.
Investment thesis
WCAS is a private equity firm concentrating on two core sectors: technology and healthcare. It partners with companies over the long term, applying deep domain expertise to drive value through operational improvements, organic growth initiatives, and strategic add-on acquisitions. Its portfolio spans SaaS platforms, payments and financial technology, cybersecurity, supply-chain software, and a broad range of healthcare services including anesthesia, home health, specialty pharmacy, occupational health, imaging, and post-acute care management. WCAS often builds physician-partnership and buy-and-build platforms, providing capital, management infrastructure, and strategic resources to help both early-stage and established businesses scale into industry leaders.
Source: firm website, verified Sep 15, 2026.
Team · 49 people
from the firm's website & public directories
What they invest in
from 34 of 56 portfolio companiesEnterprise Software ×17Healthtech ×16SaaS ×16Digital Health ×11AI & Machine Learning ×8Medical Devices ×8Biotech ×4Cybersecurity ×4
HQs:United States×20Canada×2
Investments · 56 tracked
founders shown can be your intro pathBy year:2025 · 12023 · 22019 · 12014 · 15 dated
Fiserv provides omnichannel commerce, billing, payments, and digital banking solutions for merchants, financial institutions, governments, and technology providers worldwide.
Enterprise SoftwareFintechSaaS
Takis Georgakopoulos(Chief Executive Officer)inMichael P. Lyons(Chief Executive Officer)Paul M. Todd(Chief Financial Officer)Panagiotis (Takis) Georgakopoulos(Co-President)Dhivya Suryadevara(Co-President)in
Co-investorsfronttrail Equity Partners GmbHSilver Lake Partners
InnovAge operates a Program of All-Inclusive Care for the Elderly (PACE), providing integrated healthcare and social services to seniors.
Digital HealthHealthtech
Patrick Blair(Chief Executive Officer)inBenjamin C. Adams(Chief Financial Officer)Nicole D'Amato(Chief Legal Officer and Corporate Secretary)inMeredith Delk(Chief Administrative Officer)in
Co-investorsClaritas Capital
Absorb LMS provides learning management system software.
AI & Machine LearningEdTechEnterprise SoftwareHR TechSaaS
Co-investorsGarage CapitalGolub GrowthSilversmith Capital Partners
Absorb Software provides a learning management system platform for organizations to manage training and education programs.
AI & Machine LearningEdTechEnterprise SoftwareSaaS
Co-investorsSilversmith Capital PartnersWelsh, Carson, Anderson & Stowe
Abzena is an integrated CDMO and CRO providing end-to-end development and cGMP manufacturing services for complex biologics and bioconjugates, including ADCs, AOCs, bispecifics, and HPAPIs.
Advanced ManufacturingBiotechHealthtechMedical DevicesCambridge, US
William John Edward Burt(Executive Officer, Director)Nigel Pitchford(Director)Leigh Pierce(Executive Officer)Kenneth Cunningham(Director)Julian Smith(Executive Officer, Director)Anthony Brampton(Director)
Co-investorsBeringeaBIOSPRING PARTNERSWelsh, Carson, Anderson & Stowe
Alert Logic delivers managed security services including threat detection and response, cloud security, and incident readiness for enterprises.
CybersecurityEnterprise SoftwareHouston, US
Paul Marvin(Executive Officer)Jim Lewandowski(Executive Officer)Robert Grayson Hall(Executive Officer, Director)
BoardDarren Battistoni(Director)Tony de Nicola(Director)Lisa Pearson(Director)
Co-investorsMercury FundUpdata Partners
iAssist is a specialty therapy initiation platform that helps patients access prescribed therapies by reducing administrative delays and improving communication between patients, healthcare providers, and manufacturers.
BiotechDigital HealthHealthtechMedical DevicesSaaSOrlando, US
Avetta operates a platform that connects businesses with suppliers, focusing on compliance, safety, and performance verification across supply chains.
B2B MarketplacesEnterprise SoftwareLogistics & Supply ChainSaaS
Co-investorsGolub GrowthNorwest Venture Partners
Clearwater provides investment data management and intelligence for asset managers, structuring and normalizing multi-asset portfolio data into a single source of truth across public, private, and alternative holdings.
AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechSaaSBoise, US
Sandeep Sahai(Executive Officer, Director)inSubi Sethi(Executive Officer)inJim Cox(Executive Officer)inScott Erickson(Executive Officer)inSouvik Das(Executive Officer)in
BoardJacques Aigrain(Director)
Co-investorsLead Edge CapitalWarburg Pincus
Constitution Surgery Alliance develops and operates ambulatory surgery centers through partnership models with surgeons and health systems.
HealthtechMedical Devices
Joanne Swift(VP of Operations)Josh Pascucci(VP of Operations)
EnableComp provides revenue cycle management solutions to hospitals, using adaptive intelligence to accelerate claims recovery and improve financial performance.
AI & Machine LearningEnterprise SoftwareHealthtechInsurTechSaaS
Co-investorsNaviMed CapitalPrimus CapitalWelsh, Carson, Anderson & Stowe
GovCIO provides IT services to U.S. federal government agencies, covering strategy, digital transformation, data management, and cyber security.
CybersecurityEnterprise SoftwareGovTech
Green Street is a commercial real estate research and advisory firm that provides data-driven intelligence on hotel investment markets, particularly analyzing demand trends and competitive dynamics in Europe.
AI & Machine LearningData & InfrastructureFintechPropTechNewport Beach, US
ImageTrend Elite provides fire investigation software for fire departments and marshals to document post-incident investigations, manage evidence and witness statements, and generate NFPA 921-compliant reports.
AI & Machine LearningEnterprise SoftwareGovTech
Co-investorsGolub GrowthWelsh, Carson, Anderson & Stowe
Kiniciti is a platform company that operates cell and gene therapy-focused life science businesses, including Cellistic for iPSC-based manufacturing technologies and Ncardia for human iPSC products and drug discovery services.
BiotechDeep TechHealthtechMedical Devices
Geoffrey Glass(Founding CEO)in
Co-investorsBIOSPRING PARTNERSWelsh, Carson, Anderson & Stowe
Leiters Health is an FDA-registered 503B outsourcing facility that produces sterile compounded preparations for hospitals, surgery centers, and ophthalmic use.
BiotechHealthtechMedical DevicesDenver, US
Co-investorsCorewell Health VenturesEscalate Capital PartnersFrazier Healthcare PartnersH.I.G. CapitalH.I.G. HealthBridge PartnersKaiser Permanente Ventures+2 more
Liberty administers dental benefits for millions of members across Medicaid, Medicare Advantage, commercial, and exchange plans nationwide.
Digital HealthHealthtechInsurTechIrvine, US
Scott Towers(President and Chief Executive Officer)inJohn Carvelli(Executive Officer, Director)Randy Brecher(Director)Maja Kapic(Executive Officer)Amir Neshat(Executive Officer, Director)Ernest Burnett(Director)
LINQ provides purpose-built software solutions and platform services for K-12 central office teams and district leaders.
Cloud ComputingEdTechEnterprise SoftwareSaaS
Sharon Love(Chief Executive Officer)inEric Wood(Chief Technology Officer)inSharron Bragg(Chief Revenue Officer)inMike Borges(Chief Customer Officer)Stuart Gahm(Interim Chief Financial Officer)in
Co-investorsGolub GrowthMucker CapitalTq Ventures Llc
Provider of post-acute care management solutions.
Co-investorsAscension VenturesBlue Venture FundsClayton Dubilier & Rice
Norstella is a global pharma intelligence provider that unites companies including Citeline, Evaluate, MMIT, Panalgo, and The Dedham Group to supply data, advisory services, and analytics for strategic and commercial decision-making in the pharmaceutical industry.
AI & Machine LearningData & InfrastructureDigital HealthHealthtech
Co-investorsTRANSFORMATION CAPITALWarburg Pincus
Owl Practice Suite provides an EHR and practice-management platform built for mental health therapists, covering telehealth sessions, client records and notes, scheduling, secure messaging, measurement-based care, and insurance claim filing.
Digital HealthMental HealthSaaS
Clint Moorein
Quickbase + FastField provide field service management software that captures field data in real time and syncs it to an office-based operational control system.
AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise SoftwareSaaS
Co-investors500 Emerging Europe
Resurgens Orthopaedics is a medical practice providing orthopedic care including sports medicine, joint replacement, and surgical services to patients in the Fayetteville, Georgia area and surrounding south Metro Atlanta region.
HealthtechMedical DevicesSports TechAtlanta, US
Shields Health Solutions integrates specialty pharmacies into hospitals and care clinics, providing access to medications across approximately 50 specialty and rare disease states.
Digital HealthHealthtechSaaS
Jack Shields(Founder)in
Asurion provides mobile insurance and home tech protection services to consumers worldwide, covering device damage, loss, and repair across multiple channels including online, phone, in-store, and at-home support.
ConsumerInsurTechSaaSNashville, US
Co-investorsBessemer Venture PartnersACE & Company
Together is a mentoring platform that facilitates knowledge transfer and peer learning within organizations through intelligent employee pairing and structured session frameworks.
Enterprise SoftwareFuture of WorkHR TechSaaSToronto, CA
Matthew Reeves(Founder)in
Co-investorsAltaIR CapitalY CombinatorGarage Capital
TrueCommerce provides EDI, API, and integration solutions for supply chain automation and B2B/B2G e-commerce connectivity.
Cloud ComputingE-commerceEnterprise SoftwareLogistics & Supply ChainRetail TechSaaS
Co-investorsAccel-KKR
UMP is a musculoskeletal (MSK) managed service organization that partners with independent physicians to handle administrative operations while preserving clinical autonomy.
Digital HealthEnterprise SoftwareHealthtechAtlanta, US
Raj Bholé(Founding Physician Director)
Co-investorsAlta Partners
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AIA Contract DocumentsAlliance DataBisysCenterWellCenterwellprimarycareCeridianConcentraGlobalCollectHeadstrongIdentifixKindred at HomeMimecastprotectRevelsystemsSelect MedicalShieldsSoldierPoint Digital Health, LLCTrading AppsTransFirstTriple Point TechnologyUS Anesthesia Partners
Exits · 5
2 IPOs · 3 acquisitions · showing 3Portfolio news
latest coverage across their companies
Fiserv · finance.yahoo.com · Sep 9, 2026
Soluto · fundraiseinsider.com · Jul 19, 2026
ImageTrend · investing.com · Jul 14, 2026
Linq · techfundingnews.com · Jul 2, 2026
Quickbase · ionanalytics.com · Dec 12, 2025
Leiters · reuters.com · Oct 17, 2025
Fund performance · per public LP disclosures · 10
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| WCAS XIV N Co-Invest, L.P.LPs: Teachers' Retirement System of the City of New York, New York City Board of Education Retirement System | 2022 | — | — | 1.47x | 1.47x |
| WCAS XIV, L.P.LPs: California Public Employees' Retirement System, California State Teachers' Retirement System, Connecticut Retirement Plans and Trust Funds +2 more | 2022 | — | 0.7% | 1.01x | 0.00x |
| WCAS XIII, L.P.LPs: California Public Employees' Retirement System, California State Teachers' Retirement System, Connecticut Retirement Plans and Trust Funds +2 more | 2019 | — | 16.0% | 1.66x | 0.60x |
| WCAS XILPs: Teachers' Retirement System of Oklahoma | 2009 | — | 11.5% | 1.66x | 1.66x |
| WCAS XIILPs: New York City Board of Education Retirement System | 2009 | — | — | 1.65x | — |
| WCAS Capital Partners III, L.P.LPs: Washington State Investment Board, Connecticut Retirement Plans and Trust Funds, The Regents of the University of California | 1997 | — | 13.0% | 1.70x | 1.75x |
| WCAS Capital Partners II, L.P.LPs: The Regents of the University of California | 1990 | — | 14.0% | 2.17x | 2.17x |
| WCAS Capital Partners IVLPs: California State Teachers' Retirement System, The Regents of the University of California, Hawaii Employees' Retirement System | 1985 | — | 5.4% | 1.31x | 1.27x |
| WCA&S XILPs: South Carolina Retirement System Investment Commission | — | — | 1.4% | — | — |
| WCAS FUND XIIILPs: New York City Board of Education Retirement System | — | — | — | 1.30x | — |
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
- How many investments has WCAS made?
- WCAS has 56 tracked investments, 5 of which have exited, including 1 dated in the last 24 months.
- What stage does WCAS invest at?
- WCAS invests at the Growth, Late Stage stages.
- What sectors does WCAS focus on?
- WCAS focuses on Biotech, Cloud Computing, Cybersecurity, Digital Health, EdTech, Enterprise Software, Fintech, GovTech, Healthtech, HR Tech, Logistics & Supply Chain, Medical Devices, PropTech, SaaS.
- Where is WCAS located?
- WCAS is headquartered in New York, US.
- Who does WCAS co-invest with?
- WCAS most often shares deals with Golub Growth, BIOSPRING PARTNERS, Warburg Pincus, among 36 tracked co-investors.
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