New Leaf Venture Partners, L.L.C.

The firm underwent a significant portfolio contraction during the quarter, with total assets under management (AUM) decreasing by 21.9%, dropping from $52.95 million to $41.34 million. This reduction was driven entirely by the liquidation of positions rather than market depreciation of existing assets, as the remaining five holdings showed no share count changes. The portfolio is currently divided between Healthcare (55.6%) and an "Unknown" sector (44.4%), which likely represents biotechnology or early-stage life sciences companies that may not yet have a standard GICS classification.

Key Holdings