Cormorant Asset Management, Lp
- Regulatory AUM
- $3.8B
- Discretionary
- $3.8B
- Clients
- 16
- Avg AUM / client
- $240M
- Accounts
- 16
- Employees
- 12
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of May 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 15 | $3.8B | 99.8% |
| Other | 1 | $8.7M | 0.23% |
Private funds (6)
Reported in Form ADV Section 7.B.(1), filing of May 2024 · $4.0B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Cormorant Global Healthcare Master Fund, Lp master | Hedge Fund | Cayman Islands | $1.9B | 157 |
| Cormorant Private Healthcare Fund Iii, Lp master | Private Equity Fund | Delaware | $733M | 117 |
| Cormorant Private Healthcare Fund Iv, Lp master | Private Equity Fund | Delaware | $499M | 94 |
| Cormorant Private Healthcare Fund Ii, Lp master | Private Equity Fund | Delaware | $380M | 82 |
| Cormorant Private Healthcare Fund V, Lp master | Private Equity Fund | Delaware | $361M | 40 |
| Cormorant Private Healthcare Fund I, Lp master | Private Equity Fund | Delaware | $125M | 51 |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Chen, Bihua | Managing Member | Mar 2013 (13y) | ≈ 0% – 5% via Cormorant Asset Management Gp, Llc | |
| Obradovic, Nebojsa | Chief Compliance Officer & General Counsel | Jan 2016 (11y) | Less than 5% | |
| Tripp, Caleb, Jonathan | Chief Financial Officer & Chief Operating Officer | Aug 2020 (6y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Cormorant Asset Management Gp, Llc | General Partner | Mar 2018 | A | Less than 5% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Chen, Bihua: 75% – 100% of Cormorant Asset Management Gp, Llc × 0% – 5% direct ≈ 0% – 5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (6, $4.0B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Cormorant Global Healthcare Master Fund, Lp | Hedge Fund | $1.9B | $1.0M | 157 |
| Cormorant Private Healthcare Fund Iii, Lp | Private Equity Fund | $733M | $5.0M | 117 |
| Cormorant Private Healthcare Fund Iv, Lp | Private Equity Fund | $499M | $5.0M | 94 |
| Cormorant Private Healthcare Fund Ii, Lp | Private Equity Fund | $380M | $5.0M | 82 |
| Cormorant Private Healthcare Fund V, Lp | Private Equity Fund | $361M | $5.0M | 40 |
| Cormorant Private Healthcare Fund I, Lp | Private Equity Fund | $125M | $5.0M | 51 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/27/2026 | 4.01 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Reported custodians
- Morgan Stanley $8.7M (0% of AUM) May 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 27, 2026.
View current Form ADV (SEC/IAPD) ↗