Healthquest Partners III, L.P.
HealthQuest Capital · adviser of record: Healthquest Capital Management, L.P. · 2019 vintage
Healthquest Partners III, L.P. is a 2019 venture fund managed by HealthQuest Capital, with $440mm raised (Form D, amount sold). It reported $451mm in gross assets at year-end 2025, 1.03x its size, against a peak of $581mm in 2021.
- Latest value held
- $451mm year-end 2025
- Peak
- $581mm year-end 2021
- Fund size
- $440mm Form D, amount sold
- Held vs. size
- 1.03x peak 1.32x
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $451mm | 1.03x | +3% over 2 yrs |
| 2023 | $437mm | 0.99x | -3% |
| 2022 | $450mm | 1.02x | -23% |
| 2021 | $581mm | 1.32x | +23% |
| 2020 | $474mm | 1.08x | +7% |
| 2019 | $443mm | 1.01x | – |
Other funds from HealthQuest Capital
- Healthquest Partners IV, L.P. 2022
- Healthquest Tactical Opportunities Fund, L.P. 2022
- Healthquest Madison SPV, L.P. 2021
- Healthquest Ajax II SPV, L.P. 2019
- Healthquest Ajax III SPV, L.P. 2019
- Healthquest Partners II, L.P. 2015
- Sofinnova Healthquest Partners, L.P. 2013
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-1051703145. Data updated October 13, 2026.
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