GHO Capital and CBC Group to merge into world’s largest dedicated healthcare investor

London-based European specialist healthcare investor GHO and Singapore-based CBC Group will merge to form the world’s largest dedicated healthcare investment manager, with over $21 billion in assets under management (AUM).

The merger brings together GHO’s $10.5 billion platform in European and transatlantic healthcare with CBC’s $10.8 billion Asia-focused healthcare franchise spanning private equity, private credit, and healthcare infrastructure.

The combined firm will have over 200 investment and operating professionals across 13 offices in North America, Europe, and Asia-Pacific, covering regions that account for about 90% of global healthcare R&D spend.

Mike Mortimer (co-founder and managing partner of GHO) and Fu Wei (founder and CEO of CBC Group) will serve as co-CEOs of the merged entity; the board will be co-chaired by Lady Mireille Gillings (vice chair and co-founder of GHO) and Fu Wei.

Existing funds and portfolio companies will continue to be managed by their respective teams, with no changes to investment mandates, governance, or ownership; the deal is expected to close in early 2027, pending regulatory approvals and customary closing conditions.