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Sovereign Wealth Funds Briefing - Categorized | Investment, People

CEO says $1bln funding for biotech park close to reality

Posted on 16 September 2010

From Startribune.com: Biotech guru G. Steven Burrill said Wednesday that he’s close to securing $1 billion to support a major biobusiness park he envisions on a rural tract north of Rochester. He said the investor is a sovereign wealth fund, and he hopes to close the deal by the end of the year.
He declined to disclose more detail, but said that in general his team raises money all over the world — China, India, Malaysia, Russia, the United States and the Middle East……………………………………….Full Article: Source


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