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新闻
Vivo Ventures Announces the Closing of Vivo Ventures Fund VI, a $275M
Life Science Venture Fund
Palo Alto, CA - May 7, 2007 – Vivo Ventures, LLC. announced the closing of Vivo Ventures Fund
VI, L.P. (the “new Fund” or “Vivo VI”) at $275 million, which brings the
firm’s total funds under management to more than $650 million. Drs.
Frank Kung, Edgar Engleman and Albert Cha, who managed Vivo Ventures
Fund V, are the managing members of the new Fund, while Dr. Chen Yu,
previously a Principal, was promoted to Partner.
The new Fund will
follow the same general approach as Vivo’s prior funds and invest in
companies developing and commercializing therapeutic products – drugs
and devices that treat human disease. Since Vivo’s inception in 1997,
the funds have invested in 50 such companies, typically leading or
co-leading their first institutional rounds. The new Fund will invest
mainly in private companies in the U.S. Vivo VI will also invest in
public therapeutics companies, as have all of the previous Vivo funds,
and in companies outside the U.S.
Investors in the new
Fund include university endowments, foundations, funds of funds,
financial institutions, family offices and pension funds. In addition to
investors from the U.S. and Asia that had participated in Vivo’s earlier
funds, Vivo VI added a number of new institutional investors from the
U.S. and Europe.
Contact information
Dr. Chen Yu
Vivo Ventures
575 High Street, Suite 201
Palo Alto, CA 94301
650-688-0818
www.vivoventures.com
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