# Matthew Hobart

> Matthew Hobart is a private equity investor at TPG Growth backing Medical and Health Care. See 10 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [TPG Growth](https://shizune.co/investors/profile/tpg-growth)
- Location: San Francisco Bay Area, United States
- Total investments: 10
- Last investment: Jun 2024
- Lead investor: 80%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/matthew-hobart-a143bb39/
- Website: https://www.tpg.com/about-us/who-we-are/?field_region_target_id=All&field_platforms_target_id=All&sort_by=field_last_name_value&title=&sort_order=ASC&page=21
- Facebook: https://www.facebook.com/matthew.hobart.3

Matthew Hobart is a private equity investor at TPG Growth in San Francisco Bay Area focused on Medical and Health Care. Hobart is a Partner based in San Francisco. He leads the Healthcare and Financial Services sectors for TPG Growth. Matt is currently a board member of Petbarn and iMDsoft. Previous board service includes The Vincraft Group, Schiff Nutrition International, Wil Research and Agraquest.Prior to joining TPG Growth in 2004, Mr. Hobart was the VicePresident of Corporate Development for Critical Path, where he was part of a turnaround team that led Critical Path through a major financial and operational restructuring. Previously, Matt co-founded and served as a Managing Director of Vectis Group, a venture corporation that capitalized and built companies globally, in partnership with leading U.S. technology businesses. Prior to Vectis Group, Mr. Hobart made private equity investments in the US and Europe for the $2.2 billion Morgan Stanley Capital Partners III L.P. and helped raise and invest the $350 million Morgan Stanley Global Emerging Markets Fund.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Medical | 3 | 30% |
| Health Care | 3 | 30% |
| Biotechnology | 3 | 30% |
| Therapeutics | 2 | 20% |
| Biopharma | 1 | 10% |

14 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Private Equity | 3 | 30% |
| Series C | 2 | 20% |
| Venture - Series Unknown | 2 | 20% |
| Series D | 1 | 10% |
| Series E | 1 | 10% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 6 | 60% |
| India | 1 | 10% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| K2 Medical Research | K2 Medical Research is a clinical research center that specializes in conducting clinical trials. |  | Private Equity | Jun 17, 2024 |  |
| RefleXion Medical | RefleXion is developing the first biology-guided radiotherapy system, a significant change in strategy from single tumor therapy to the ability to one day treat multiple tumors in the same treatment session in cancers that have metastasized. Currently, the RefleXion X1 machine is cleared for the delivery of stereotactic body radiotherapy (SBRT),stereotactic radiosurgery (SRS) and intensity modulated radiotherapy (IMRT). The company is also developing BgRT, which incorporates positron-emission tomography (PET) imaging data to enable tumors to continuously signal their location. The BgRT technology will synchronize these data with the linear accelerator to direct radiotherapy to tumors with subsecond latency. | $105M |  | Nov 15, 2023 |  |
| RefleXion Medical | RefleXion is developing the first biology-guided radiotherapy system, a significant change in strategy from single tumor therapy to the ability to one day treat multiple tumors in the same treatment session in cancers that have metastasized. Currently, the RefleXion X1 machine is cleared for the delivery of stereotactic body radiotherapy (SBRT),stereotactic radiosurgery (SRS) and intensity modulated radiotherapy (IMRT). The company is also developing BgRT, which incorporates positron-emission tomography (PET) imaging data to enable tumors to continuously signal their location. The BgRT technology will synchronize these data with the linear accelerator to direct radiotherapy to tumors with subsecond latency. | $80M | Series E | Mar 10, 2022 |  |
| Idaho College of Osteopathic Medicine | Idaho College of Osteopathic Medicine is dedicated to training high-quality osteopathic physicians prepared to care for people. |  | Venture - Series Unknown | Feb 22, 2022 |  |
| Burrell College of Osteopathic Medicine | Burrell College of Osteopathic Medicine is a private, investor-owned, free-standing, independently operated, and licensed college. |  | Venture - Series Unknown | Feb 22, 2022 |  |
| BGB Group | BGB Group is a marketing and advertising company providing marketing consulting and promotional advertising services. |  | Private Equity | Oct 14, 2021 |  |
| OneSource | OneSource is a biopharmaceutical company that delivers affordable treatments to patients in both emerging and developed markets. It provides a one-stop-shop with comprehensive capabilities from cell line and process development through to scale up, cGMP manufacturing, and filling/finishing of proteins and peptides. Offer services at everystage of the development life cycle, from pre-clinical and clinical development to commercial Supply. At Stelis BioSource™, we assure customers of CDMO/CMO services our deep commitment to quality, service, and compliance. | $125M | Series C | Mar 19, 2021 |  |
| RefleXion Medical | RefleXion is developing the first biology-guided radiotherapy system, a significant change in strategy from single tumor therapy to the ability to one day treat multiple tumors in the same treatment session in cancers that have metastasized. Currently, the RefleXion X1 machine is cleared for the delivery of stereotactic body radiotherapy (SBRT),stereotactic radiosurgery (SRS) and intensity modulated radiotherapy (IMRT). The company is also developing BgRT, which incorporates positron-emission tomography (PET) imaging data to enable tumors to continuously signal their location. The BgRT technology will synchronize these data with the linear accelerator to direct radiotherapy to tumors with subsecond latency. | $100M | Series D | Apr 17, 2020 |  |
| RefleXion Medical | RefleXion is developing the first biology-guided radiotherapy system, a significant change in strategy from single tumor therapy to the ability to one day treat multiple tumors in the same treatment session in cancers that have metastasized. Currently, the RefleXion X1 machine is cleared for the delivery of stereotactic body radiotherapy (SBRT),stereotactic radiosurgery (SRS) and intensity modulated radiotherapy (IMRT). The company is also developing BgRT, which incorporates positron-emission tomography (PET) imaging data to enable tumors to continuously signal their location. The BgRT technology will synchronize these data with the linear accelerator to direct radiotherapy to tumors with subsecond latency. | $100M | Series C | Apr 04, 2018 |  |
| Precision Medicine Group | Precision Medicine Group is a specialized services company supporting next generation approaches to drug development and commercialization. Precision provides an integrated infrastructure that supports pharmaceutical and life science companies as they develop new products in the age of precision medicine. | $275M | Private Equity | Dec 19, 2017 |  |

10 of 10 investments shown.

## Co-investors
- [Pfizer Venture Investments](https://shizune.co/investors/profile/pfizer-venture-investments) — VC Fund, 4 deals together
- [T. Rowe Price](https://shizune.co/investors/profile/t-rowe-price) — VC Fund, 4 deals together
- [Venrock](https://shizune.co/investors/profile/venrock) — VC Fund, 4 deals together
- [Johnson & Johnson Innovation](https://shizune.co/investors/profile/johnson-johnson-innovation-jjdc) — VC Fund, 3 deals together
- [KCK](https://shizune.co/investors/profile/kck) — VC Fund, 3 deals together
- [Ally Bridge Group](https://shizune.co/investors/profile/ally-bridge-group) — VC Fund, 2 deals together

## About TPG Growth

VC Fund · San Francisco, United States

TPG Growth was founded in 2007 to specialize in growth equity and middle-market buyout opportunities. Taking a long-term and hands-on approach to partnership, we identify unique companies across the U.S., Europe, Africa, and Asia and help them achieve their full potential. We can assist at all stages of a company’s growth, from its inception to itsinternational expansion, by drawing on our geography-specific experience and expert global operational resources from the TPG platforms. TPG Growth manages more than $7 billion in assets across a variety of sectors including media, technology, and industrials.

5 contacts available at TPG Growth.

| Name | Title | Profile |
| --- | --- | --- |
| Akshay Tanna | Operating Partner | https://shizune.co/investors/profile/akshay-tanna |
| Angel Uribe | Partner | https://shizune.co/investors/profile/angel-uribe |
| Derek Chen | Partner | https://shizune.co/investors/profile/derek-chen-2 |
| Matthew E. Rubel | Senior Advisor | https://shizune.co/investors/profile/matthew-e-rubel |
| Matthew Hobart | Co-Managing Partner | https://shizune.co/investors/profile/matt-hobart |

## Similar investors

### Similar stage
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- [Fondaction](https://shizune.co/investors/profile/fondaction) — VC Fund

## FAQ

### What does Matthew Hobart invest in?

Matthew Hobart invests primarily in Medical, Health Care and Biotechnology startups, most often at Private Equity and Series C stage. Most of the 10 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Matthew Hobart last invest?

The most recent investment recorded for Matthew Hobart closed in Jun 2024. Shizune tracks 10 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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