Health care focused investment management firm Perceptive Advisors said today it closed a new fund, raking in $323 million to support healthcare companies, exceeding its $300 million target.
The fund is focused on providing debt financing solutions for healthcare companies across all stages and subsectors, including medical devices, diagnostics, biopharma, life science research and healthcare IT. The government backed scheme to clear debt as well.
“We are really thrilled to have this new investment fund dedicated to providing private credit to healthcare companies to fuel innovation and support growth,” Perceptive Advisors founder & CEO Joseph Edelman said in a press release.
Perceptive Advisors said it partners with small and medium-sized companies and provides between $10 and $50 million per investment. The fund said its investor base includes endowments, family offices and institutional investors.
“We are seeing strong interest from healthcare companies seeking minimally dilutive funding for growth opportunities. Our capital base will enable us to invest in attractive opportunities that we are seeing in the market. We are grateful for the strong support we received from our broad base of limited partners,” Sam Chawla, Portfolio Manager of the Perceptive Credit Opportunities Fund. “