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Laxman Pai, Opalesque Asia: Deerfield Management, a venture capital firm based in New York, has launched Deerfield Private Design Fund III, an investment fund designed to provide flexible private financing to healthcare companies.
According to a press note from the investment firm, the fund has approximately $1.6 billion in committed capital.
"The mission of Deerfield Private Design III is to advance all aspects of medicine and human health. Like Deerfield's two previous private funds, the new fund will invest in all segments of the healthcare market including biotechnology, pharmaceuticals, medical devices, healthcare services, and animal health," said the release.
It will employ a full range of financing structures including equity, debt, royalty interests, joint ventures, and other structured financing alternatives said the firm.
"The fund is designed to provide customized solutions to private and public companies at all stages of development, ranging from early-stage start-ups to established industry leaders," it said.
In addition to managing approximately $3 billion in public healthcare investments, Deerfield has raised and successfully invested in two prior private healthcare funds.
Deerfield Private Design I invested more than $500 million, and Deerfield Private Design II is in the final stages of committing approximately $1 billion. Each fund has supported a select group of partner companies focused on advancing healthcare.
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