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Farallon Capital Management

North America, California, United States, San Francisco

Description

Farallon Capital Management operates as a global institutional asset management firm, primarily known as a multi-strategy hedge fund. Founded in 1986 by Tom Steyer, the firm has established itself as a prominent player in the financial markets, managing a substantial portfolio across various asset classes. As of early 2023, Farallon managed approximately $39.2 billion in assets, employing a value-oriented, event-driven, and opportunistic investment philosophy. Their approach emphasizes deep, bottom-up fundamental research to identify mispriced securities and special situations globally, spanning public and private debt, equity, and real estate.

Investor Profile

Farallon Capital Management has backed more than 95 startups, with 8 new investments in the last 12 months alone. The firm has led 22 rounds, about 23% of its total and boasts 45 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Post Ipo Equity, Series B, Series D rounds (top funding stages).
  • Majority of deals are located in United States, China, United Kingdom.
  • Strong thematic focus on Biotechnology, Health Care, Therapeutics.
  • Led 1 rounds in the past year.

Stage Focus

  • Post Ipo Equity (21%)
  • Series B (16%)
  • Series D (16%)
  • Series C (15%)
  • Series A (9%)
  • Debt Financing (7%)
  • Series E (5%)
  • Post Ipo Debt (3%)
  • Series Unknown (3%)
  • Private Equity (2%)

Country Focus

  • United States (61%)
  • China (14%)
  • United Kingdom (3%)
  • France (2%)
  • Israel (2%)
  • India (2%)
  • Germany (2%)
  • Australia (2%)
  • Singapore (2%)
  • Austria (1%)

Industry Focus

  • Biotechnology
  • Health Care
  • Therapeutics
  • Pharmaceutical
  • Health Diagnostics
  • Medical
  • Life Science
  • Biopharma
  • Medical Device
  • Genetics
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Farallon Capital Management frequently co-invest with?

Surveyor Capital
North America, Illinois, United States, Chicago
Co-Investments: 14
CA
North America, Massachusetts, United States, Boston
Co-Investments: 14
Casdin Capital
North America, New York, United States, New York
Co-Investments: 15
RTW Investments
North America, New York, United States, New York
Co-Investments: 11
T. Rowe Price
North America, Maryland, United States, Baltimore
Co-Investments: 14
RA Capital Management
North America, Massachusetts, United States, Boston
Co-Investments: 12
Perceptive Advisors
North America, New York, United States, New York
Co-Investments: 14
Soleus Capital
North America, Connecticut, United States, Greenwich
Co-Investments: 12
Logos Capital
North America, California, United States, San Francisco
Co-Investments: 11
Janus Henderson Investors
Europe, England, United Kingdom, London
Co-Investments: 14

Which angels does Farallon Capital Management often collaborate with?

JS
North America, New York, United States, New York
Shared Deals: 1
RG
North America, Texas, United States, Austin
Shared Deals: 1
ER
North America, California, United States, San Francisco
Shared Deals: 1
EL
Europe, England, United Kingdom, London
Shared Deals: 1
OD
Europe, England, United Kingdom, London
Shared Deals: 2
AP
North America, California, United States, San Francisco
Shared Deals: 1
NR
North America, California, United States, San Francisco
Shared Deals: 1
HH
North America, Massachusetts, United States, Boston
Shared Deals: 1
MB
North America, California, United States, San Francisco
Shared Deals: 1
AD
North America, New York, United States, New York
Shared Deals: 1

What are some of recent deals done by Farallon Capital Management?

Tango Therapeutics

Cambridge, Massachusetts, United States

Tango Therapeutics is a biotechnology company that is developing next generation cancer therapies.

BiotechnologyHealth CareMedicalTherapeutics
Post Ipo EquityOct 23, 2025
Amount Raised: $197,000,000
Minerva Neuroscience

Cambridge, Massachusetts, United States

Minerva Neurosciences focuses on the development and commercialization of a portfolio of product candidates to treat CNS diseases.

BiopharmaBiotechnologyHealth CareNeuroscience
Post Ipo EquityOct 21, 2025
Amount Raised: $80,000,000
Grail

Menlo Park, California, United States

Grail is a healthcare company that develops pan-cancer screening tests designed to detect cancers at an early stage.

BiotechnologyHealth CareHealth DiagnosticsMedicalMedical Device
Post Ipo EquityOct 20, 2025
Amount Raised: $325,000,000
Bungalow Projects Bain Capital Real Estate JV

New York, New York, United States

Bungalow Projects Bain Capital Real Estate JV focused on investing in and developing sustainable and cutting-edge production.

Real Estate
Debt FinancingOct 14, 2025
Amount Raised: $304,000,000
Assembly Biosciences

Carmel, Indiana, United States

Assembly Biosciences, Inc. is a public biotechnology company and provider of oral biologic therapeutics.

BiotechnologyHealth Care
Post Ipo EquityAug 8, 2025
Amount Raised: $175,000,000
GoPro

San Mateo, California, United States

GoPro is a brand of personal cameras used in extreme action video photography.

3D TechnologyConsumer ElectronicsHardwarePhotographySoftwareVideoWearables
Post Ipo DebtAug 4, 2025
Amount Raised: $50,000,000
At Home

Plano, Texas, United States

At Home provides home décor and furniture products, featuring collections that combine affordability with unique design.

FurnitureHome DecorRetailTextiles
Debt FinancingJun 16, 2025
Amount Raised: $600,000,000

Renew Exim DMCC is owned by Valiant Investment DMCC.

Debt FinancingApr 10, 2025
Amount Raised: $750,000,000
Pentera

Burlington, Massachusetts, United States

Pentera is the market leader in Automated Security Validation

Cloud SecurityCyber SecurityInformation TechnologyNetwork SecurityPenetration TestingSecuritySoftware
Series DMar 12, 2025
Amount Raised: $60,000,000
Tectonic Therapeutic

Allston, Massachusetts, United States

Tectonic Therapeutic is a biotechnology company which focuses on scientific research in biochemistry and molecular pharmacology.

Biotechnology
Post Ipo EquityFeb 3, 2025
Amount Raised: $185,000,000