# Frazier Healthcare Partners

> Frazier Healthcare Partners is an SEC-registered investment advisory firm in Seattle, WA, registered since 2015, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 18, 2026.

- CRD: 157324
- Filed as: FRAZIER HEALTHCARE PARTNERS
- Legal name: Frazier Management, L.L.C.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Seattle, WA
- Filing period: October 2026
- Form ADV filing dated: June 18, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/157324
- AdvisorCensus page: https://advisorcensus.com/firm/frazier-healthcare-partners-seattle-wa-157324

## Quick answers

**How is Frazier Healthcare Partners compensated?**
On its Form ADV (Item 5.E, October 2026), Frazier Healthcare Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Frazier Healthcare Partners located?**
Frazier Healthcare Partners' principal office is in Seattle, WA, according to its Form ADV.

**Is Frazier Healthcare Partners registered with the SEC or a state?**
Frazier Healthcare Partners is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 157324.

**How much does Frazier Healthcare Partners manage?**
Frazier Healthcare Partners reports $7,718,663,169 in regulatory assets under management in its Form ADV filing dated June 18, 2026 (100% discretionary).

**How have Frazier Healthcare Partners' assets and staff changed since 2021?**
In the Form ADV data for Frazier Healthcare Partners: Regulatory assets under management: $5,216,288,661 in the October 2021 data and $7,718,663,169 in the October 2026 data, up 48%. Total employees: 81 in October 2021 and 100 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Frazier Healthcare Partners serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (25).

**Does Frazier Healthcare Partners report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/157324

**What changed in Frazier Healthcare Partners' recent Form ADV filings?**
In the July 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $7,718,663,169
- Discretionary: $7,718,663,169
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 25 | $7,718,663,169 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2015 (11 years)
- Employees: 100 total, 76 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [frazierhealthcare.com/GROWTH-BUYOUT](https://frazierhealthcare.com/GROWTH-BUYOUT)
- LinkedIn @FRAZIER-HEALTHCARE-PARTNERS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $5,216,288,661 | 81 | March 31, 2021 |
| October 2022 | $4,827,604,891 | 59 | May 19, 2022 |
| October 2023 | $4,050,015,567 | 68 | March 31, 2023 |
| October 2024 | $5,203,017,937 | 78 | March 30, 2024 |
| October 2025 | $7,618,818,051 | 88 | March 31, 2025 |
| October 2026 | $7,718,663,169 | 100 | June 18, 2026 |

Regulatory assets under management: $5,216,288,661 in the October 2021 data and $7,718,663,169 in the October 2026 data, up 48%.
Total employees: 81 in October 2021 and 100 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 69 to 76.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Frazier Healthcare Partners (CRD 157324): Form ADV filing data as of October 2026.