other names
{{ Info.Overview }}
Revenue {{ Info.Revenue | formatUSD }}
Headquarters {{ Info.Headquarters }}

Adviser Profile

As of Date 09/27/2024
Adviser Type - Large advisory firm
Number of Employees 35 2.94%
of those in investment advisory functions 16
Registration SEC, Approved, 3/22/2017
Other registrations (2)
AUM* 4,339,391,355 16.93%
of that, discretionary 4,339,391,355 16.93%
Private Fund GAV* 2,311,019,160 -12.33%
Avg Account Size 255,258,315 10.06%
SMA’s Yes
Private Funds 7
Contact Info 650 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
4B 3B 3B 2B 2B 1B 557M
2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count3 GAV$974,569,112
Fund TypeVenture Capital Fund Count4 GAV$1,336,450,048

Similar advisers

Adviser Hedge Fund Liquidity Fund Private Equity Fund Real Estate Fund Securitized Asset Fund Venture Capital Fund Other Fund Total Private Fund GAV AUM #Funds
Adviser DEEPWATER ASSET MANAGEMENT, LLC Hedge Fund75.0m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund58.0m Other Fund- Total Private Fund GAV191.0m AUM333.0m #Funds5
Adviser EUPHRATES ADVISORS Hedge Fund352.0m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund20.2m Other Fund- Total Private Fund GAV392.3m AUM372.1m #Funds2
Adviser VANSHAP CAPITAL, LLC Hedge Fund74.5m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund3.3m Other Fund- Total Private Fund GAV81.1m AUM77.8m #Funds2
Adviser AFO LIMITED Hedge Fund- Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund99.6m Other Fund- Total Private Fund GAV199.2m AUM- #Funds1
Adviser GARGLET LLC Hedge Fund- Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV- AUM- #Funds-
Adviser BLACKBIRD LLC Hedge Fund- Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV- AUM- #Funds-
Adviser LACUNA LLC Hedge Fund- Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV- AUM- #Funds-
Adviser AVORO CAPITAL ADVISORS LLC Hedge Fund8.6b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund165.8m Other Fund- Total Private Fund GAV8.9b AUM8.7b #Funds2
Adviser STONEGATE INVESTMENT GROUP, LLC Hedge Fund44.3m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund7.3m Other Fund- Total Private Fund GAV59.0m AUM4.6b #Funds3
Adviser NORTH ISLAND VENTURES Hedge Fund170.9m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund230.0m Other Fund- Total Private Fund GAV630.9m AUM400.9m #Funds3

Brochure Summary

Overview

A. Sofinnova Investments, Inc. (“Sofinnova” or the “Firm”), is a registered investment adviser with the U.S. Securities and Exchange Commission (“SEC”) pursuant to the Investment Advisers Act of 1940 (the “Adviser Act”). The Firm was established in 1976 and its principal office is located in Menlo Park, California. It also has offices in; New York, New York; Montreal, Quebec; Boston, Massachusetts; and Dorado, Puerto Rico. Sofinnova serves as an investment adviser to private pooled investment vehicles (each, a “Fund”) and separately managed accounts (each, a “Separate Account” and collectively with the “Funds,” the “Clients”)1. An affiliate of Sofinnova serves as the general partner (or similar managing body) of each Fund. Sofinnova is owned by Alain Azan, James Healy, Nathalie Auber, Maha Katabi, and Hooman Shahlavi. The members of Sofinnova’s board of directors are James Healy, Nathalie Auber, Lars Ekman, and Maha Katabi. B. Sofinnova provides discretionary investment advisory services to the Clients. Sofinnova's advisory services consist of (a) identifying and evaluating investment opportunities, (b) structuring, negotiating and consummating investments on behalf of the Clients, (c) managing and monitoring such investments, and (d) deciding when to exit such investments. As part of the management, Sofinnova employees may serve on the board of directors of certain of the Clients’ portfolio investments. Certain Clients primarily make private venture related investments (the "Venture Fund(s)"), while other Clients primarily invest in publicly-traded equity securities (the "Public Clients"). Investments for all Clients are generally made in the biotechnology and pharmaceuticals and related industries (collectively, “Therapeutics”). Sofinnova is affiliated with entities that serve as the general partners to each of the Funds (each, a “General Partner”). Unless otherwise indicated, references in this brochure to “Sofinnova” or the “Firm” include the General Partners. The following is a list of the General Partners: General Partners: Sofinnova Management VIII, L.L.C. Sofinnova Management
IX, L.L.C. Sofinnova Management X-A, L.L.C. Sofinnova Management X, L.P. Sofinnova Management XI, L.P. Sofinnova Management XI, L.L.C. Sofinnova Synergy Fund GP, L.L.C. Sofinnova BioEquities GP LLC C. Sofinnova provides investment advisory services to each Fund in accordance with the Fund’s offering and governing documents (e.g., private placement memorandum and limited partnership agreement (or analogous organizational document), as well as Sofinnova’s investment advisory agreement with 1 The persons and entities that invest in a Fund are generally referred to herein as “investors.” For the avoidance of doubt, as used herein, the terms “Fund” and “Client” do not include “investors.” the Fund and contractual side letters with such Fund’s investors and contractual side letters with such Fund’s investors (collectively, the “Fund Documents”). The Firm provides investment advisory services each Separate Account in accordance with its investment advisory agreement with the Separate Account (each, an “Investment Advisory Agreement,” and collectively with the Fund Documents, the "Governing Documents"). Investment restrictions for each Client, if any, are generally established in the Governing Documents of the applicable Client. An investment in each Fund is subject to the investment objectives, terms and conditions outlined in the Fund Documents of the relevant Fund. To the extent that there is any conflict between the disclosures contained in this brochure and any Fund Documents provided to prospective or existing Fund investors, the applicable Fund Documents will govern. Sofinnova has agreed to: (i) tailor its advisory services to the individual needs of certain Clients or Fund investors; and (ii) accept investment restrictions imposed by certain Clients or Fund investors. D. The Firm does not participate in wrap fee programs. E. As of December 31, 2023, the Firm had approximately $3.7 billion in net Client assets under management (including uncalled capital commitments to the Funds), all of which it managed on a discretionary basis.