Suvretta Capital Management

Suvretta Capital Management

Suvretta Capital Management was formed in 2011 by Aaron Cowen, who serves as Chief Investment Officer of the firm's generalist long/short equity strategy. The strategy began investing on September 1, 2012. The firm operates from a single office at 540 Madison Avenue in New York. The firm's deployment model spans three distinct long/short equity strategies. The generalist book covers the full market. Two dedicated healthcare strategies — Averill, launched March 23, 2020, and Averill Madison, launched November 1, 2022 — concentrate capital on the healthcare sector under CIO Kishen Mehta. This structure creates a barbell: a wide-mandate portfolio run by the founder alongside a specialist healthcare sleeve with its own leadership. No fund commitments, SPVs, or co-investment programs are disclosed. Suvretta's public footprint is intentionally minimal. No team size, AUM, or portfolio holdings are published. The dual-CIO structure — Cowen on generalist, Mehta on healthcare — is the only organizational detail the firm surfaces. No adjacent vehicles, philanthropic foundations, or operating companies are named. What distinguishes Suvretta is the deliberate separation of its generalist and specialist books under two named CIOs, each with a distinct launch timeline. This is an unusual governance setup for a firm of its apparent size, suggesting a bet that dedicated healthcare sector expertise merits its own P&L and leadership track — a structure more common at multi-manager platforms than at founder-led equity boutiques.