Global Healthcare Opportunities and CBC Group have agreed to merge their operations, forming a combined healthcare investment platform with more than $21bn in assets under management, according to a joint statement from the firms.
The enlarged firm will operate across 13 global offices spanning North America, Europe and Asia-Pacific, regions that together account for the vast majority of worldwide healthcare research and development activity. CBC Group said the combined business will become the largest healthcare-focused investment manager globally by assets.
Leadership of the new platform will be shared, with GHO co-founder Mike Mortimer and CBC Group co-founder Fu Wei set to serve as co-chief executives once the transaction completes.
The deal is expected to close in early 2027, subject to customary regulatory approvals and closing conditions. Both firms confirmed that existing funds and portfolio companies will continue to be managed independently by their current investment teams, with no changes to investment mandates, governance structures or ownership arrangements at fund level.
The combination reflects a growing trend of consolidation among specialist healthcare investment managers, as firms seek to scale capabilities, broaden geographic reach and increase access to deal flow across key innovation hubs.
Once completed, the merged platform is expected to leverage its expanded footprint to deepen relationships with healthcare companies and accelerate deployment across private markets in life sciences, pharmaceuticals and medical technology.
