Healthquest Capital Management, L.P.

Austin, TX WWW.HEALTHQUESTCAPITAL.COM Registered investment adviser

Healthquest Capital Management, L.P. reports 8 venture funds on Form ADV among 11 private funds, with $1.8B in gross private fund assets.

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Venture funds8of 11 private funds

Private fund assets$1.8BGross, Form ADV, September 2026

Funds on Form D3$1.3B reported raised

LPs on the record2Foundations and public plans

Reported raised, by the year each fund began raising

The numbers

Began raising	Raised
2016	$225M
2019	$440M
2022	$675M

Funds on Form D

Venture funds whose Form D filings carry this adviser’s name, matched by name. Amounts are what each fund last reported to the SEC.

Fund	Began raising	Target	Raised	Investors	Latest filing
HealthQuest Partners IV, L.P.	2022	$675M	$675M	109	May 17, 2022
HealthQuest Partners III, L.P.	2019	$440M	$440M	87	April 3, 2019
HealthQuest Partners II, L.P.	2016	$225M	$225M	53	March 15, 2016

Track record

A score of 40 out of 100 from one of the 2 funds public LPs report, in the bottom half of its vintage. Its ranked funds’ median TVPI is 1.20x. Pooled where reports give cash flows: 1.19x TVPI, 0.23x DPI. That ranks it 91st of 123 managers with a score.

Each fund once, as the latest of one LP’s reports ranks it by TVPI against funds of the same vintage in those reports; 50 is the median fund, and a short record is pulled toward 50. The full record in LP Intelligence, with each fund’s rank and what usually follows a fund like its latest, or every manager’s.

LPs on the record

1 private foundation lists on their latest IRS Form 990-PF, and 1 other LP reports holding Healthquest Capital Management, L.P.’s funds.

Peierls Foundation Private foundation · 3 funds
Orange County Employees Retirement System (OCERS) Public pension plan · 2 funds

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Registration

Legal name: Healthquest Capital Management, L.P.
Status: Registered investment adviser since April 21, 2023
CRD number: 296583

Full Form ADV on the SEC’s Investment Adviser Public Disclosure site

About this data

Registered and exempt reporting advisers that report managing at least one venture capital fund on Form ADV, with the number of private funds and their gross assets as each adviser reports them. Advisers whose business name reads as an individual's are left out. From the roster published for September 2026. Source. Benchmarks for funds like these are in Raise benchmarks.