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Fidelity
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Fidelity

US asset management giant; co-investor in CellCentric's £170m Series D.

Last refreshed: 13 May 2026

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Background

Fidelity Investments (Fidelity Management & Research) is one of the largest privately held asset management firms in the world, headquartered in Boston, Massachusetts. Founded in 1946, Fidelity manages more than $14tn in assets across mutual funds, retirement accounts, brokerage, and institutional investment. It is known for its active equity management tradition, large research team, and significant participation in crossover (public-private) biotech and technology rounds. Fidelity is a major institutional participant in late-stage private financings — particularly in biotech — alongside its enormous public-market presence.

Fidelity participated in CellCentric's £170m Series D in May 2026, joining lead investor Venrock Healthcare Capital Partners, strategic co-investor Pfizer, and a range of specialist life-sciences VCs. Fidelity's presence as a crossover investor — able to hold the position through an IPO onto public markets — is a standard signal in late-stage biotech rounds that the company's public-market story has been stress-tested. CellCentric's Phase III programme for inobrodib in multiple myeloma and prostate cancer is approaching the datapoints that would support an IPO narrative.

Common Questions
Why does Fidelity invest in private biotech rounds?
Fidelity participates in late-stage private biotech rounds as a crossover investor, able to hold positions through IPO onto public markets. Its presence signals that a company's public-market story has been validated.Source: Lowdown uk-startups-and-innovation U#4
How big is Fidelity Investments?
Fidelity manages more than $14tn in assets across mutual funds, retirement accounts, and institutional investment, making it one of the largest privately held asset managers globally.Source: Fidelity