Heritage Healthcare Innovation Fund, LP
Heritage Group · adviser of record: HG Capital Management, LLC · 2011 vintage
Heritage Healthcare Innovation Fund, LP is a 2011 venture fund managed by Heritage Group, with $131mm raised (Form D, amount sold). It reported $19.4mm in gross assets at year-end 2025, 0.15x its size, against a peak of $366mm in 2017.
- Latest value held
- $19.4mm year-end 2025
- Peak
- $366mm year-end 2017
- Fund size
- $131mm Form D, amount sold
- Held vs. size
- 0.15x peak 2.80x
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 | $19.4mm | 0.15x | -50% over 2 yrs |
| 2023 | $38.9mm | 0.30x | -84% |
| 2022 | $237mm | 1.81x | +122% |
| 2021 | $106mm | 0.81x | -52% |
| 2020 | $223mm | 1.70x | -2% |
| 2019 | $228mm | 1.74x | -2% |
| 2018 | $232mm | 1.77x | -37% |
| 2017 | $366mm | 2.80x | +78% |
| 2016 | $205mm | 1.57x | +7% |
| 2015 | $192mm | 1.47x | +14% |
| 2014 | $168mm | 1.28x | +31% |
| 2013 | $128mm | 0.98x | +0% |
| 2012 | $128mm | 0.98x | +0% |
| 2011 | $128mm | 0.98x | – |
Other funds from Heritage Group
- Heritage Group Monogram Holdings, LP 2022
- Heritage Healthcare Innovation Fund III, LP 2019
- Heritage Healthcare Innovation Fund II, LP 2014
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 805-1982431870. Data updated October 13, 2026.
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