European healthcare investor Global Healthcare Opportunities (GHO) and CBC Group (CBC), an Asian healthcare-focused asset manager, have signed an agreement to create a healthcare investment manager, with over $21 billion in AUM, according to an announcement.
This is considered the world’s largest dedicated healthcare investment manager with more than 200 investment and operating professionals across 13 offices in North America, Europe, and the Asia-Pacific regions, which collectively account for around 90% of global healthcare R&D spend.
The combined platform is expected to leverage its broader network and international reach to pursue growth opportunities across major healthcare markets.
GHO and CBC said the merger brings together complementary healthcare investment and operating expertise, alongside a shared founder-led culture.
The new firm will support portfolio companies in expanding internationally across sectors, including pharmaceuticals, medical devices, diagnostics, healthcare infrastructure, life sciences tools, and healthcare IT. It will also provide investors with exposure to healthcare-focused private equity, private credit, and real estate strategies.
GHO’s portfolio companies in North America and Europe are expected to benefit from greater access to Asia-Pacific markets, which remain a key growth area for healthcare innovation. At the same time, CBC’s Asia-based portfolio companies will gain access to the combined firm’s global network and operational capabilities to support international expansion.
The new firm will be led by two of the co-founders of GHO and CBC. Mike Mortimer and Fu Wei will serve as co-Chief Executives of the combined firm, and Andrea Ponti and Alan MacKay will assume board responsibilities for oversight of group finance and group governance, respectively.
The senior leadership teams across both firms will remain involved in the day-to-day management of the new firm.
The Board will be co-chaired by Lady Mireille Gillings, PhD, Vice Chair and Co-Founder of GHO, and by Fu Wei.
Fu Wei, Chief Executive Officer and Founder of CBC Group, said, “Together, we are building the world’s largest dedicated healthcare investment firm to help accelerate patient access to affordable care, support innovation, and improve efficiency in addressing unmet medical needs by backing our portfolio companies and their management teams as they grow and scale impact.”
Mike Mortimer, Managing Partner and Co-Founder of GHO Capital, said, “By uniting our collective regional expertise, capabilities and shared commitment to identifying and growing leading healthcare companies, we are positioning ourselves to achieve strong returns, as well as further deliver on our commitment to improving global health outcomes.”
The transaction is expected to close in early 2027, subject to customary closing conditions and regulatory approvals. GHO and CBC will continue to operate independently until the completion of the transaction.
Singapore-headquartered CBC Group is one of Asia’s largest healthcare-focused asset managers. Founded in 2014, the firm manages about $10.8 billion in assets and has offices in Shanghai, Beijing, Hong Kong, New York, Seoul and Abu Dhabi, alongside additional presences in Boston, San Diego, San Francisco and Tokyo.
In 2025, CBC Group announced the final close of its latest healthcare-focused private credit fund with $500 million in total capital commitments.
R-Bridge Healthcare Fund II (RBF II), which the Singapore-based firm described as Asia’s largest healthcare-focused private credit vehicle, attracted commitments from sovereign wealth funds, corporate pensions, financial institutions, and family offices.
London-headquartered GHO Capital, which includes investment manager GHO Capital Management Limited and investment adviser GHO Capital Partners Advisory Ltd., manages about $10.5 billion in assets. The firm focuses on healthcare investments across Europe and transatlantic markets, backing companies seeking international expansion and scale.
