Adage Capital Management
Boston, Massachusetts, United StatesFounded 2001
Biotech & Life SciencesDefense & SpaceDeveloper ToolsHardware & SemiconductorsE-Commerce & MarketplaceFintechAIEnterprise SoftwareCybersecurity
Adage Capital Management focuses on S&P 500 asset management for institutional clients, such as endowments and foundations, employing long/short equity strategies driven by fundamental analysis. The firm also invests in later-stage private equity rounds, with a notable presence in the biotechnology and pharmaceutical sectors.
44% of their portfolio is in Biotech & Life Sciences. Average disclosed round size is $155.1M (across 16 rounds with reported amounts).
Portfolio
16
Fund Size
$42.0B
Top Stage
Series C
Last 12 Mo
0
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
16 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| DDBV Technologies S.A. | Unknown | $306.9M | Mar 2025 |
 Gracell Biotechnologies Inc. | Growth | $150M | Aug 2023 |
 HawkEye 360 | Series D | $58M | Jul 2023 |
 Harness | Series D | $230M | Apr 2022 |
| MMenlo Microsystems | Series C | $150M | Mar 2022 |
| HawkEye 360 | Series D | $145M | Nov 2021 |
 Beckley Psytech | Series B | $80M | Aug 2021 |
 GOAT Group | Series F | $195M | Jun 2021 |
 Forter | Series F | $300M | May 2021 |
 PathAI | Series C | $165M | May 2021 |
 HemoShear Therapeutics, Inc. | Series A | $40M | Feb 2021 |
 Annexon, Inc. | Series D | $100M | Jul 2020 |
 Amplyx Pharmaceuticals | Series C | $53M | May 2020 |
 GitLab | Series E | $268M | Sep 2019 |
 Tanium | Growth | $200M | Oct 2018 |
 Protagonist Therapeutics, Inc. | Series C | $40M | Jul 2015 |
Top Co-Investors
Janus Henderson Investors4 shared
NEA (New Enterprise Associates)2 shared
Vivo Capital2 shared
Logos Capital2 shared
RA Capital Management2 shared
Franklin Templeton2 shared
BlackRock2 shared
Insight Partners2 shared
NightDragon2 shared
Strategic Development Fund2 shared
Razor's Edge2 shared
Alkeon Capital Management2 shared
D1 Capital Partners2 shared
Silicon Valley Bank2 shared
Tiger Global Management2 shared
Surveyor Capital2 shared
Sofinnova Partners1 shared
OrbiMed1 shared
Prime Movers Lab1 shared
Palo Santo1 shared
Last updated: 16 April 2026