Likely buyers · Pharma.

1. ARCHIMED and Institut Mérieux SponsorVery High86

54 platform investments in Healthcare · 19 deals 2024–26

AUM €9.0B · MED Rise · 2024 vintage · deploying · check €8-60M

18 platform investments since the 2024 vintage · largely deployed vs its usual 9 per fund.

Backed IRAB, 2026 · Pharma, Spain

2. ArchiMed SponsorVery High85

56 platform investments in Healthcare · 18 deals 2024–26

AUM €9.0B · MED Rise · 2024 vintage · deploying · check €8-60M

18 platform investments since the 2024 vintage · largely deployed vs its usual 9 per fund.

Backed IRAB, 2026 · Pharma, Spain

3. Archimedes Partners SponsorVery High85

53 platform investments in Healthcare · 21 deals 2024–26

AUM €9.0B · MED Rise · 2024 vintage · deploying · check €8-60M

18 platform investments since the 2024 vintage · largely deployed vs its usual 9 per fund.

Backed IRAB, 2026 · Pharma, Spain

4. ArchiMed and Tethys Invest SponsorVery High85

54 platform investments in Healthcare · 18 deals 2024–26

AUM €9.0B · MED Rise · 2024 vintage · deploying · check €8-60M

18 platform investments since the 2024 vintage · largely deployed vs its usual 9 per fund.

Backed IRAB, 2026 · Pharma, Spain

5. Bpifrance Investissement SponsorVery High83

10 platform investments in Healthcare · 35 deals 2024–26

AUM €57.3B · Bpifrance Amorçage Industriel · 2023 vintage · deploying · check €1-8M

Accelerating: 30 deals in the last 2 years vs 4.5/yr before.

Backed Biogaran, 2026 · Pharma, France

6. Merieux Equity Partners / Vitruvian Partners SponsorVery High80

57 platform investments in Healthcare · 6 deals 2024–26

AUM €1.6B · Mérieux Participations 5 · 2026 vintage · deploying · check €7-50M

2 platform investments since the 2026 vintage · early in deployment vs its usual 8 per fund.

Backed CEVA Santé Animale, 2025 · Pharma, France

7. SHS Gesellschaft für Beteiligungsmanagement SponsorVery High80

37 platform investments in Healthcare · 6 deals 2024–26

SHS VI · 2022 vintage · partially deployed · check €5-41M

12 platform investments since the 2022 vintage · largely deployed vs its usual 8 per fund.

Backed AMW, 2026 · Pharma, Germany

8. BC Partners SponsorVery High79

19 platform investments in Healthcare · 5 deals 2024–26

AUM €40.0B · BC Partners XII · 2025 vintage · deploying · check €44-330M

5 platform investments since the 2025 vintage · early in deployment vs its usual 12 per fund.

Backed InfoRLife, 2026 · Pharma, Switzerland

9. capiton VI SponsorVery High79

13 platform investments in Healthcare · 3 deals 2024–26

AUM €1.6B · capiton Quantum · 2023 vintage · deploying · check €5-37M

4 platform investments since the 2023 vintage · mid-deployment vs its usual 7 per fund.

Bought Dec Group from capiton, 2025 · Pharma, Switzerland

10. BC Partners / PSP Investments / Ontario Teachers SponsorVery High79

13 platform investments in Healthcare · 5 deals 2024–26

AUM €40.0B · BC Partners XII · 2025 vintage · deploying · check €44-330M

5 platform investments since the 2025 vintage · early in deployment vs its usual 12 per fund.

Backed InfoRLife, 2026 · Pharma, Switzerland

11. BC Partners + Intermediate Capital Group SponsorVery High79

13 platform investments in Healthcare · 5 deals 2024–26

AUM €40.0B · BC Partners XII · 2025 vintage · deploying · check €44-330M

5 platform investments since the 2025 vintage · early in deployment vs its usual 12 per fund.

Backed InfoRLife, 2026 · Pharma, Switzerland

12. BC Partners and AXA Private Equity SponsorVery High79

14 platform investments in Healthcare · 5 deals 2024–26

AUM €40.0B · BC Partners XII · 2025 vintage · deploying · check €44-330M

5 platform investments since the 2025 vintage · early in deployment vs its usual 12 per fund.

Backed InfoRLife, 2026 · Pharma, Switzerland

13. BC Partners Fund XI and CPP Investments SponsorVery High79

13 platform investments in Healthcare · 5 deals 2024–26

AUM €40.0B · BC Partners XII · 2025 vintage · deploying · check €44-330M

5 platform investments since the 2025 vintage · early in deployment vs its usual 12 per fund.

Backed InfoRLife, 2026 · Pharma, Switzerland

14. NORD Holding SponsorVery High79

15 platform investments in Healthcare · 15 deals 2024–26

AUM €5.0B · NORD Holding all inclusive Fitness Continuation Fund · 2026 vintage · deploying

Accelerating: 13 deals in the last 2 years vs 2.5/yr before.

Backed NEC MED PHARMA GmbH, 2016 · Pharma, Germany

15. Inflexion SponsorVery High78

10 platform investments in Healthcare · 27 deals 2024–26

AUM €11.0B · Inflexion Buyout Fund VII · 2026 vintage · deploying · check €90-675M

4 platform investments since the 2026 vintage · mid-deployment vs its usual 6 per fund.

Bought Primed from Paragon Partners, 2026 · MedTech, Germany

16. NORD Holding / Pinova Capital SponsorVery High78

12 platform investments in Healthcare · 12 deals 2024–26

AUM €5.0B · NORD Holding all inclusive Fitness Continuation Fund · 2026 vintage · deploying

Accelerating: 10 deals in the last 2 years vs 2.5/yr before.

Backed NEC MED PHARMA GmbH, 2016 · Pharma, Germany

17. Armira SponsorVery High78

6 platform investments in Healthcare · 12 deals 2024–26

AUM €5.0B · Armira III · 2025 vintage · deploying · check €20-150M

8 platform investments since the 2025 vintage · mid-deployment vs its usual 10 per fund.

Backed almapharm, 2024 · Pharma, Germany

18. Turenne Groupe SponsorVery High76

55 platform investments in Healthcare · 34 deals 2024–26

AUM €2.0B · Capital Sante 3 · 2025 vintage · deploying · check €3-21M

20 platform investments since the 2025 vintage · early in deployment vs its usual 80 per fund.

Backed Destia, 2026 · Healthcare, France

19. Idia SponsorVery High76

12 platform investments in Healthcare · 27 deals 2024–26

AUM €2.4B · Crédit Agricole Assurances Avenir et Territoires · 2026 vintage · deploying · check €2-15M

5 platform investments since the 2026 vintage · early in deployment vs its usual 25 per fund.

Backed DELPHARM, 2024 · Pharma, France

20. Ring Capital SponsorVery High76

10 platform investments in Healthcare · 32 deals 2024–26

AUM €470M · Ring Altitude II · 2025 vintage · deploying · check €4-33M

17 platform investments since the 2025 vintage · largely deployed vs its usual 13 per fund.

Backed Dermascan, 2026 · HealthTech, France

21. Charterhouse Capital Partners SponsorVery High76

11 platform investments in Healthcare · 10 deals 2024–26

AUM €7.0B · Charterhouse Capital Partners XI · 2023 vintage · deploying · check €28-210M

10 platform investments since the 2023 vintage · mid-deployment vs its usual 14 per fund.

Backed Labomar, 2023 · Pharma, Italy

22. Lauxera Capital Partners SponsorVery High76

16 platform investments in Healthcare · 6 deals 2024–26

AUM €780M · Lauxera Growth II · 2025 vintage · deploying · check €10-78M

3 platform investments since the 2025 vintage · early in deployment vs its usual 8 per fund.

Backed Bridge to Life, 2026 · MedTech, US

23. IK Partners SponsorVery High75

34 platform investments in Healthcare · 52 deals 2024–26

AUM €13.8B · IK Partnership Fund III · 2025 vintage · deploying · check €10-75M

18 platform investments since the 2025 vintage · largely deployed vs its usual 13 per fund.

Backed Ceva Santé Animale, 2003 · Pharma, France

24. Bridgepoint SponsorVery High75

34 platform investments in Healthcare · 43 deals 2024–26

AUM €86.6B · Europe VIII (BE VIII) · 2026 vintage · deploying · check €120-900M

4 platform investments since the 2026 vintage · early in deployment vs its usual 20 per fund.

Bought PharmaZell from Maxburg Capital Partners, 2020 · Pharma, Germany

25. Bridgepoint Development Capital SponsorVery High75

31 platform investments in Healthcare · 36 deals 2024–26

AUM €86.6B · Europe VIII (BE VIII) · 2026 vintage · deploying · check €120-900M

4 platform investments since the 2026 vintage · early in deployment vs its usual 20 per fund.

Backed PharmaZell, 2020 · Pharma, Germany