Welsh, Carson, Anderson & Stowe
1 people tracked
Team Β· 1 people
from public directoriesWhat they invest in
from 6 of 7 portfolio companiesHealthtech Γ5Advanced Manufacturing Γ1AI & Machine Learning Γ1Biotech Γ1Data & Infrastructure Γ1Digital Health Γ1EdTech Γ1Medical Devices Γ1
HQs:United StatesΓ6
Investments Β· 7 tracked
founders shown can be your intro pathBy year:2018 Β· 32014 Β· 14 dated
HealthtechLaguna Hills, US
Bjarne Bergheim(Executive Officer, Director)John McGaugh(Executive Officer)John Bostjancic(Executive Officer)Hugh Neuharth(Executive Officer)Scott Huennekens(Director)
BoardOlav Bergheim(Director)
Board seatDavid CaluoriΒ· per SEC Form D Β· $25M raise Β· filed Nov 2018
Co-investorsEssex Woodlands Healthcare PartnersFjord VenturesGeneral AtlanticMeritech Capital PartnersOrbiMed
HealthtechChicago, US
Griffin Myers(Director)Michael Pykosz(Executive Officer, Director)Geoffrey Price(Director)
BoardKevin Roche(Director)Edward Bergmark(Director)
Board seatDavid CaluoriΒ· per SEC Form D Β· $43.9M raise Β· filed Oct 2018
Co-investorsGeneral Atlantic
HealthtechNew York, US
Tracy Bahl(Executive Officer, Director)David Chernow(Director)Eric Spiegel(Director)Jeff Patton(Director)
BoardRobert Vorhoff(Director)
Board seatDavid CaluoriΒ· per SEC Form D Β· filed Oct 2018
Co-investorsBrighton Park Capital
Absorb is an AI-powered learning management system (LMS) for enterprises, offering role-based course auto-assignment, a library of pre-built courses, and generative AI course authoring via Absorb Create.
AI & Machine LearningEdTechSaaS
Co-investorsSilversmith Capital PartnersWCAS
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 PARTNERSWCAS
Bridgewater, US
William Duke(Executive Officer)Daniel Pelak(Director)Sean Traynor(Director)Steve LaPorte(Director)Ittai Harel(Director)Paul Queally(Director)
Co-investorsAgate Medical Investments LPKaiser Permanente VenturesAbingworthHLM Venture PartnersMPM BioImpactPitango
Wellvana is a value-based care enablement company that operates ACOs across MSSP tracks and Medicare Advantage contracts and provides onboarding, clinical support, and the Clarity analytics platform to turn clinical, financial, and social data into care insights.
Data & InfrastructureDigital HealthHealthtech
Co-investorsCorewell Health VenturesMartin VenturesOptum VenturesWhistler Capital Partners
Rows marked βSEC filingβ are inferred from directors named on the company's SEC Form D β public regulatory data, not a portfolio list published by the firm.
Exits Β· 1
IPOs and acquisitions across the tracked portfolioSonendoOTC: SONX
Portfolio news
latest coverage across their companiesSonendo Β· marketscreener.com Β· Jun 4, 2025
Wellvana Β· healthcaredive.com Β· Mar 5, 2025
Fund performance Β· per public LP disclosures Β· 16
as of Dec 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Welsh, Carson, Anderson & Stowe XIVLPs: Minnesota State Board of Investment, New York City Employees' Retirement System, New York City Police Pension Fund +1 more | 2022 | β | 4.2% | 1.07x | 0.04x |
| Welsh, Carson, Anderson & Stowe XIV N Co-InvestLPs: New York City Employees' Retirement System, New York City Police Pension Fund | 2022 | β | β | 1.47x | 1.47x |
| Welsh, Carson, Anderson & Stowe XIV, L.P. Side CarLPs: New York City Fire Department Pension Fund, New York City Employees' Retirement System | 2022 | β | β | 1.14x | β |
| Welsh, Carson, Anderson & Stowe XIV, L.P. Side Car N/ALPs: New York City Fire Department Pension Fund | 2022 | β | β | 1.18x | 1.18x |
| Welsh, Carson, Anderson & Stowe XIIILPs: Minnesota State Board of Investment, New York City Employees' Retirement System, New York City Fire Department Pension Fund | 2019 | β | 17.8% | 1.64x | 0.63x |
| Welsh, Carson, Anderson & Stowe XIILPs: California Public Employees' Retirement System, California State Teachers' Retirement System, Minnesota State Board of Investment +6 more | 2015 | β | 23.9% | 2.47x | 1.99x |
| Welsh, Carson, Anderson & Stowe XILPs: California State Teachers' Retirement System, California Public Employees' Retirement System, Connecticut Retirement Plans and Trust Funds +6 more | 2009 | β | 11.5% | 1.66x | 1.66x |
| Welsh, Carson, Anderson & Stowe X, L.P.LPs: California Public Employees' Retirement System, Connecticut Retirement Plans and Trust Funds, Hawaii Employees' Retirement System +1 more | 2005 | β | 8.3% | 1.70x | 1.70x |
| Welsh, Carson, Anderson & Stowe IXLPs: Washington State Investment Board, Hawaii Employees' Retirement System, Los Angeles City Employees' Retirement System | 2000 | β | 11.2% | 1.70x | 1.66x |
| Welsh, Carson, Anderson & Stowe VIIILPs: Washington State Investment Board, Los Angeles City Employees' Retirement System, Hawaii Employees' Retirement System | 1998 | β | 3.1% | 1.30x | 1.29x |
| Welsh, Carson, Anderson & Stowe IIILPs: The Regents of the University of California | 1997 | β | 13.0% | 1.72x | 1.72x |
| Welsh, Carson, Anderson & Stowe VII, LPLPs: The Regents of the University of California, Washington State Investment Board, Los Angeles City Employees' Retirement System | 1995 | β | 17.7% | 2.20x | 2.18x |
| Welsh, Carson, Anderson & Stowe VILPs: The Regents of the University of California | 1993 | β | 13.9% | 2.07x | 2.07x |
| Welsh, Carson, Anderson & Stowe IILPs: The Regents of the University of California | 1990 | β | 11.9% | 2.26x | 2.26x |
| Welsh, Carson, Anderson & Stowe VLPs: The Regents of the University of California | 1989 | β | 33.1% | 3.51x | 3.51x |
| Welsh, Carson, Anderson & StoweLPs: The Regents of the University of California | 1987 | β | 18.2% | 2.62x | 2.62x |
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).
Co-investors Β· 2
OrbiMed is a global healthcare-focused investment firm providing financing and operational support to companies across biopharmaceuticals, medical devices, digital health, diagnostics, and healthcare services.
Firms observed investing alongside Welsh, Carson, Anderson & Stowe, from public investor directories. Shared companies are the overlap with Welsh, Carson, Anderson & Stowe's recorded portfolio.