Transformation Capital: Funds, Partners and Filings
Transformation Capital
ActiveFiled to raise
Boston, MA·Healthcare, Health Insurance, PharmaceuticalsLast fund filed 2026
·
Funds on file
17
Partners named
4
3 on a current fund
Recent board seats
4
last 24 months
Capital raised
$752M
across filed funds
What has Transformation Capital raised?
17 vehicles
Vehicle
Filed
Target
Sold to date
Investors
Transformation Capital Executive Fund IVFiled to raise in 2026, with no closing reported yet.
2026
Indefinite
$0
0
Golden Eagle OpportunitiesFiled to raise in 2026, with no closing reported yet.
2026
Indefinite
$0
0
Transformation Capital Fund IV-AFiled to raise in 2025, with no closing reported yet.
2025
Indefinite
$0
0
Transformation Capital Fund IV (Cayman Feeder)Filed to raise in 2025, with no closing reported yet.
2025
Indefinite
Amounts are Item 13 as filed: the target is the whole offering, and the amount sold is cumulative across amendments rather than a final close. The filing carries no per-investor amount, so a firm’s own cheque is not recoverable here.
Who at Transformation Capital can lead a round?
4 named
4 partners are named across this firm’s filings, 3 of them on a fund it is deploying now.
Partner
Activity
Categories
Board seats
Last 24mo
Michael Dixon
Selective
None listed
12
3
What sectors do Transformation Capital's boards fall in?
27 companies
Classified sectors of Transformation Capital’s own portfolio companies, based on 27 with a verified or cited source.
Activity is filed board seats in the last 24 months: 4+ Active, 2–3 Selective, 1 Slowing, none Quiet. A firm's tier totals its partners, so an active firm may be four partners with one seat each. It undercounts partners who invest without taking a board seat, and filings lag a closing by weeks, so Quiet means the paperwork is quiet, not the person.
Sales & marketing tech2 · 7%
Biotech & pharma1 · 4%
E-commerce & marketplaces1 · 4%
HR & future of work1 · 4%
Not a filing value: this is Lev’s own classification of each company, one company one vote regardless of how many of Transformation Capital’s partners are named on its board, shown only when we found a specific, checkable source. Companies with no source read as unclassified and are left out of the shares above.
A shared board seat: a company where filings name a Transformation Capital partner and a partner at the other firm, both with a clean identity match. Not a claim either firm led or co-led the round, only that both are named on the same board.
