Investments
46Portfolio Exits
19Funds
6About Sectoral Asset Management
Sectoral Asset Management is an SEC-registered investment advisor based in Montreal whose focus is managing global equity portfolios by industry. Sectoral has also launched an alternative investment fund that offers an attractive exposure to the growing healthcare/biotech sector through both long and short positions.

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Latest Sectoral Asset Management News
Aug 3, 2023
CurvaFix – a developer of medical devices to repair fractures in curved bones – recently announced the close of a $39 million equity financing led by MVM Partners with participation from Sectoral Asset Management and other existing investors. And the company also announced that Mark Foster has been named CEO, succeeding founder and current CEO Steve Dimmer, who will transition into a strategic advisory role. The $39 million financing proceeds will be used to expand the treatment of Fragility Fractures of the Pelvis (FFP) throughout the U.S. and fundamentally change the course of care for these patients through the nationwide launch of the CurvaFix IM Implant. Foster is an experienced C-Suite executive with a broad background in the healthcare, medical device, and pharmaceutical industries. And before joining CurvaFix, Foster was president and CEO of Trice Medical, a leader in the field of minimally invasive orthopedic procedures. Formerly he was V.P. of U.S. Sports Medicine Business for Smith and Nephew and also held leadership roles at Boston Scientific. KEY QUOTE: “CurvaFix’s ability to benefit patients, physicians, and health systems, while simultaneously addressing the undertreated FFP segment makes CurvaFix a rare asset in the crowded world of orthopedics. We are thrilled to be involved and look forward to supporting the company’s next phase of growth.” — Eric Fritz, MVM Partner “I have had the opportunity to observe the successful implementation and adoption of CurvaFix IM Implants in the orthopedic pelvic fracture fixation market, for which Steve has played a pivotal role in taking the company to this point. I am looking forward to leading the CurvaFix team in scaling CurvaFix’s technology to benefit many more patients, physicians, and payers.” — Mark Foster “It has been a privilege to lead CurvaFix from concept through commercialization to where it is today, and I am honored to pass off the reins to Mark for this next exciting phase of CurvaFix’s growth.” — Steve Dimmer
Sectoral Asset Management Investments
46 Investments
Sectoral Asset Management has made 46 investments. Their latest investment was in CurvaFix as part of their Series C on July 7, 2023.

Sectoral Asset Management Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
7/13/2023 | Series C | CurvaFix | $39M | No | MVM Partners, Sectoral Asset Management, and Undisclosed Investors | 6 |
5/16/2023 | Series C | Boundless Bio | $100M | Yes | Alexandria Venture Investments, ARCH Venture Partners, City Hill Ventures, Fidelity Investments, GT Healthcare Capital Partners, Leaps by Bayer, Logos Capital, Nextech Invest, PFM Health Sciences, Piper Heartland Healthcare Capital, RA Capital Management, Redmile Group, Sectoral Asset Management, Surveyor Capital, Vertex Ventures HC, and Wellington Management | 8 |
3/7/2023 | Series B | LENZ Therapeutics | $83.5M | Yes | Alpha Wave Global, Point72 Ventures, RA Capital Management, RTW Investments, Sectoral Asset Management, Undisclosed Investors, and Versant Ventures | 5 |
1/25/2023 | Series B | |||||
1/6/2023 | Series C |
Date | 7/13/2023 | 5/16/2023 | 3/7/2023 | 1/25/2023 | 1/6/2023 |
---|---|---|---|---|---|
Round | Series C | Series C | Series B | Series B | Series C |
Company | CurvaFix | Boundless Bio | LENZ Therapeutics | ||
Amount | $39M | $100M | $83.5M | ||
New? | No | Yes | Yes | ||
Co-Investors | MVM Partners, Sectoral Asset Management, and Undisclosed Investors | Alexandria Venture Investments, ARCH Venture Partners, City Hill Ventures, Fidelity Investments, GT Healthcare Capital Partners, Leaps by Bayer, Logos Capital, Nextech Invest, PFM Health Sciences, Piper Heartland Healthcare Capital, RA Capital Management, Redmile Group, Sectoral Asset Management, Surveyor Capital, Vertex Ventures HC, and Wellington Management | Alpha Wave Global, Point72 Ventures, RA Capital Management, RTW Investments, Sectoral Asset Management, Undisclosed Investors, and Versant Ventures | ||
Sources | 6 | 8 | 5 |
Sectoral Asset Management Portfolio Exits
19 Portfolio Exits
Sectoral Asset Management has 19 portfolio exits. Their latest portfolio exit was Turnstone Biologics on July 21, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
7/21/2023 | IPO | Public | 2 | ||
2/10/2023 | IPO | Public | 5 | ||
5/27/2021 | Acq - Pending | 2 | |||
Date | 7/21/2023 | 2/10/2023 | 5/27/2021 | ||
---|---|---|---|---|---|
Exit | IPO | IPO | Acq - Pending | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | Public | |||
Sources | 2 | 5 | 2 |
Sectoral Asset Management Fund History
6 Fund Histories
Sectoral Asset Management has 6 funds, including New Emerging Medical Opportunities Fund IV.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
5/26/2020 | New Emerging Medical Opportunities Fund IV | $96M | 1 | ||
7/31/2015 | New Emerging Medical Opportunities Fund III | ||||
10/31/2013 | New Emerging Medical Opportunities Fund II | ||||
12/31/2007 | New Emerging Medical Opportunities Fund I | ||||
New Emerging Medical Opportunities Funds II |
Closing Date | 5/26/2020 | 7/31/2015 | 10/31/2013 | 12/31/2007 | |
---|---|---|---|---|---|
Fund | New Emerging Medical Opportunities Fund IV | New Emerging Medical Opportunities Fund III | New Emerging Medical Opportunities Fund II | New Emerging Medical Opportunities Fund I | New Emerging Medical Opportunities Funds II |
Fund Type | |||||
Status | |||||
Amount | $96M | ||||
Sources | 1 |
Sectoral Asset Management Team
6 Team Members
Sectoral Asset Management has 6 team members, including , .
Name | Work History | Title | Status |
---|---|---|---|
Michael Sjöström | Founder | Current | |
Name | Michael Sjöström | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Founder | ||||
Status | Current |