PFM Health Sciences

PFM Health Sciences is an investment adviser dedicated to healthcare, managing both public and private positions for institutional capital. Founded in 2004, the firm invests across four subsectors: biopharma, medical technology, life sciences and healthcare services. Its geographic remit is global.

The firm runs two distinct strategies. Public equity investments consist of active management of listed healthcare companies with global coverage. Private investments partner with biopharma, medical technology, life sciences and healthcare services companies; the mandate spans the continuum from private to public companies and reaches across the capital structure, meaning deals may take different forms of equity or debt depending on the opportunity. The firm does not publicly specify a fixed investment stage or check size.

Investment process is described as subsector-specialist and bottom-up, built on domain expertise and fundamental research. Portfolio construction emphasises collaboration and active risk management, with long-term industry trends considered alongside individual company analysis. The stated aim is to support innovation with sustainable impact on health outcomes while acting as a responsible steward of institutional capital.