A side-by-side comparison of two Healthcare investors: HSG (Power Score 85/100) and New Enterprise Associates (Power Score 80/100), both ranked among the most active firms tracked in this category.
| HSG | New Enterprise Associates | |
|---|---|---|
| Power Score™ | 85/100 | 80/100 |
| Assets Managed | Over US$61B (assets for institutional investors as of 30 June 2026, per hsgcap.com/about-us) | $25B+ |
| Founded | 2005 | 1977 |
| Headquarters | Hong Kong, China | Menlo Park, CA |
| Sectors | Technology, Healthcare, Consumer | Technology, Healthcare, Life Sciences |
HSG describes itself on its own About Us page as a venture capital and private equity firm, formerly known as Sequoia China, investing globally across technology, healthcare and consumer sectors. Its Chinese-language site describes the same three areas as 科技, 医疗 and 消费, and lists its investment stages as seed-stage, growth-stage, buyout, new-infrastructure and public-market investing (种子期投资, 成长期投资, 并购投资, 新基建投资, 公开市场投资). The firm states it has backed more than 1,800 companies, that over 190 of them have gone public and that over 140 have become unicorns. It states offices in Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo and Singapore.
View full HSG profile →NEA was founded in 1977 by three men who each brought a different piece of the puzzle: Dick Kramlich, who had trained under legendary investor Arthur Rock; Frank Bonsal, an investment banker who had taken startups public; and Chuck Newhall, who had managed investment funds at T. Rowe Price. Deliberately built with offices on both coasts from day one - unusual for the era - NEA's first fund raised just $16 million, a fraction of the more than $25 billion it manages today.
View full New Enterprise Associates profile →