Firms

HealthQuest Capital

HealthQuest Capital

Redwood City, California, United States · Austin, Texas, United States

healthquestcapital.com

HealthQuest Capital is a healthcare growth investment firm founded by physician and scientist Garheng Kong. Its current site and founder biography date its founding to 2012; historical fund announcements describe 2013. It invests in commercial-stage companies through Growth Equity and Tactical Opportunities strategies, spanning healthcare IT, technology-enabled services, medical devices, diagnostics and pharma services. Its stated investment focus includes AI-enabled diagnostics and precision oncology. Relevant portfolio companies include Thyme Care, Lunit, Alpheus Medical, AnswersNow and Venus Concept, which trades as Venus Aesthetic Intelligence at venus.ai. Its current directory lists 49 unique people across investment, finance and operations, partners, an Industry Advisory Board and a Healthcare IT Council. Dave King, the former LabCorp CEO, serves in both operating partner and advisory roles. Current offices are in Redwood City, California, and Austin, Texas. HealthQuest Capital Management, L.P. is the registered adviser, CRD 296583. Its March 30, 2026 Form ADV names eleven fund and special-purpose vehicles. Four final flagship fund closes are verified: $110 million in 2014, $225 million in 2016, $440 million in 2019 and $675 million in 2022. The current site reports approximately $2 billion under management, 52 portfolio companies and 23 exits; these are separate from final fund sizes. In September 2026, HealthQuest participated in Thyme Care’s Series E of more than $125 million; its individual investment was undisclosed.

Founded
2012
Type
Venture capital

Funds11

  • HEALTHQUEST PARTNERS IV, L.P.$675M
  • HEALTHQUEST PARTNERS III, L.P.$440M
  • HEALTHQUEST PARTNERS II, L.P.$225M
  • SOFINNOVA HEALTHQUEST PARTNERS, L.P.$110M
  • HEALTHQUEST AJAX II SPV, L.P.—
  • HEALTHQUEST AJAX III SPV, L.P.—
  • HEALTHQUEST AJAX III-A SPV, L.P.—
  • HEALTHQUEST MADISON SPV, L.P.—

Team

Operations and support

Ajay MadanAjay MadanGeneral Counsel and Chief Compliance Officer
Avery WilliamsAvery WilliamsHead of Investor Relations, Platform & Marketing
Ben HoustonBen HoustonOperating Partner
Bill GerardBill GerardVice President
Bill HawkinsBill HawkinsIndustry Advisory Board Member
Charlie ZhangCharlie ZhangTax Director
Christine OngChristine OngDirector of Finance
Craig AlbaneseCraig AlbaneseIndustry Advisory Board Member
Crystal ZhengCrystal ZhengAssociate
Dave KingDave KingIndustry Advisory Board Member · Operating Partner
David KabakoffDavid KabakoffFounding Senior Partner
Denise MutschlerDenise MutschlerExecutive Assistant
Emily ZhenEmily ZhenPrincipal
Emmett CunninghamEmmett CunninghamSenior Advisor
Garheng KongGarheng KongFounding Managing Partner
Hardi PatelHardi PatelAssociate
Harold LeeHarold LeeVice-President of Finance
Ila IyengarIla IyengarAssociate, Investor Relations & Platform
Jared TeoJared TeoManaging Director, Investment Execution
Jeff FerrantiJeff FerrantiHealthcare IT Council Member
John GlaserJohn GlaserHealthcare IT Council Member
John H. JohnsonJohn H. JohnsonOperating Partner
John StarcherJohn StarcherIndustry Advisory Board Member
Jon RobertsJon RobertsIndustry Advisory Board Member
Katie ShiKatie ShiSenior Associate
Kevin FangKevin FangAssociate
Kristi SavacoolKristi SavacoolIndustry Advisory Board Member
Manfred YuManfred YuChief Financial Officer
Michael RyanMichael RyanHealthcare IT Council Member
Mike KaufmannMike KaufmannIndustry Advisory Board Member
Morgan NakamuraMorgan NakamuraAnalyst
Nate BurnsNate BurnsPartner
Neil ParikhNeil ParikhPrincipal
Phoebe LuongoPhoebe LuongoSenior Valuation Analyst
R. Hal BakerR. Hal BakerHealthcare IT Council Member
Randy ScottRandy ScottFounding Partner
Regina BenjaminRegina BenjaminIndustry Advisory Board Member
Risa Lavizzo-MoureyRisa Lavizzo-MoureyIndustry Advisory Board Member
Rob AlgerRob AlgerHealthcare IT Council Member
Rob BartRob BartHealthcare IT Council Member
Ryan MackeyRyan MackeyHealthcare IT Council Member
Sam BraschSam BraschPartner
Seth H.Z. FischerSeth H.Z. FischerIndustry Advisory Board Member
Sharath ReddySharath ReddyPartner
Terry ShawTerry ShawIndustry Advisory Board Member
Vince ForlenzaVince ForlenzaIndustry Advisory Board Member
Witney McKiernanWitney McKiernanPartner
Wyatt W. DeckerWyatt W. DeckerIndustry Advisory Board Member
Ying LiangYing LiangSenior Finance/Operations Analyst

Co-investing

EW Healthcare Partners
Masters Special Situations
AlleyCorp
Andreessen Horowitz
Concord Health Partners

Investments