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Questa Capital Management
Ryan Drant's Questa Capital runs concentrated healthcare bets across medical devices, tech, and services — a structure shaped by his NEA operating experience.
Questa Capital Management
Questa Capital Management is an SEC-registered investment adviser in San Francisco, CA, registered since 2016. It is based there.
General information
Firm type
Private Equity
Year founded
2016
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
1156 15th Street NW, Suite 302, Washington, DC, 20005
Additional offices
San Francisco, CA
Principals
Ryan Drant
Founder and Managing Partner
Bradley Sloan
Managing Partner
Shawn Conway
Managing Partner and COO
Sector focus
Frequently asked questions
Who runs investment decisions at Questa Capital?
Founder and Managing Partner Ryan Drant oversees the investment strategy, supported by Managing Partners Bradley Sloan and Shawn Conway. Drant previously led global healthcare investing at NEA, where he served on the four-person management committee and oversaw $1.0B in equity deployment across 46 boards. Conway, a former Andreessen Horowitz General Counsel, handles firm operations and investment structuring.
How does Questa source proprietary deal flow?
The firm operates a research-driven, thematic sourcing model rooted in decades of healthcare investing experience across its partnership. Principal investors like Drant and Sloan draw on networks built at NEA, Parthenon Capital, and other institutions to identify companies before they run broad processes. Questa emphasizes engaging early and maintaining close relationships with founders, which creates an implicit pipeline of mission-aligned healthcare entrepreneurs.
Is Questa Capital structured as a single family office or does it operate more like a venture firm?
Questa is a growth-stage private equity manager, not a family office. Its partnership structure, institutional fund format, and concentrated portfolio design place it squarely within the venture and growth equity category, though its fund size and vehicle specifics remain undisclosed.
Does Questa participate in fund commitments or only direct deals?
Publicly available information indicates Questa makes direct equity investments in operating companies. There is no disclosed evidence of fund-of-funds commitments or LP investments into other managers. The firm describes each investment as a concentrated position held for the long term, consistent with a direct-deal strategy.
What investment stages does Questa Capital typically target?
Questa targets venture and growth stages, focusing on companies with solutions already in market. The firm's website specifies an interest in scalable businesses with solid structures, recurring revenue, and capital-efficient models — positioning it from early commercial stage through late-stage growth equity.
How is Questa Capital related to NEA or Andreessen Horowitz?
Founder Ryan Drant was a General Partner at NEA for over a decade, and COO Shawn Conway was US General Counsel at NEA before becoming General Counsel at Andreessen Horowitz. Questa is an independent firm — Conway's title as Managing Partner and COO reflects the operational-DNA he brought from building legal and fund infrastructure at those institutions.
Does Questa Capital maintain philanthropic structures, and how are they separated?
No philanthropic vehicle or foundation associated with Questa Capital is disclosed. The firm operates solely as a healthcare-focused private equity manager, with no publicly known grantmaking or impact-investing subsidiary.
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