
Gilde Healthcare III secures Philips commitment
The recently launched Gilde Healthcare III fund has attracted Royal Philips Electronics as a cornerstone investor.
The venture fund has a €200m target and is expected to hold a first close towards the end of the year.
Philips' commitment is part of the company's strategy to drive innovation in healthcare. Consequently, Gilde Healthcare III will focus on early- and growth-stage healthcare technology companies in Europe and the US that are active in developing and commercialising new patient-centric healthcare solutions, medical technologies and therapeutics, with particular emphasis on cardiology, oncology and women's health.
The predecessor fund, Gilde Healthcare II, launched in February 2006 and held a final close in October 2007 on its €150m hard-cap.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater