General Catalyst has recently raised $8 billion in new capital, with a significant portion of $750 million specifically designated for investments in the healthcare sector.

This funding comes at a time when the firm is undergoing regulatory review for its acquisition of Summa Health, a safety net hospital in Ohio.

The latest fund, called Fund XII, consists of $4.5 billion for seed and growth equity, $1.5 billion for the establishment of new companies, and $2 billion in separately managed accounts.

Under the leadership of Hemant Taneja, General Catalyst is placing a greater emphasis on healthcare and aims to have more direct control over technology products through its acquisition efforts.

The firm works closely with various health systems and payers, granting them early access to emerging technologies within its portfolio, which is part of what it refers to as a "health assurance ecosystem."