BioMedPartners raises CHF95m for second healthcare venture fund

03 March 2009

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Fund

BioMedPartners has reached a first closing of BioMedInvest II LP on CHF95m, with a target of CHF 120m or more. The fund has a lifespan of ten years with possible extensions. The Guernsey-based fund will remain open for additional new investors for some months. Terms and conditions are described as industry standard. Legal advice was provided by Collas Day.

Investors

The fund is backed by both existing and new investors, including the lead investor ERP-EIF Dachfonds. Further investors include pharmaceutical companies, pension funds and banks, and mainly hail from Germany and Switzerland.

Investments

The fund will invest in early- to later-early-stage private companies and spin-offs in the biotechnology, emerging pharmaceutical, medical technology and other healthcare-related industries such as diagnostics or platform technologies with a geographic focus on Switzerland, Austria, Germany, Italy, Liechtenstein and France. The firm states that these companies offer significant return potential, as large pharma companies are increasingly acquiring biotech firms to fill their product pipelines.

The amount the firm plans to invest over the lifetime of its portfolio companies is about CHF 1-12m and it foresees investing in 15-18 companies over five years. BioMedInvest typically plays the lead or co-lead investor role, structuring the transaction and syndicating with other venture capital firms.

People

Dr Markus Hosang, Dr Gerhard Ries and Thomas Moller are the main managers of the fund and are supported by a team of four investment professionals. BioMedPartners, founded in 2003, has raised over CHF240m until today and invested in more than 25 companies.

Name: BioMedInvest II

Target: CHF 120m

Closed on: CHF 95m

Focus: Early-stage, venture

Contacts: Dr Markus Hosang, Dr Gerhard Ries, Thomas Moller

Address: BioMedPartners

Elisabethenstr. 23

CH-4051 Basel

Tel: +41 61 270 3535

Fax: +41 61 270 3500

Advisers: Collas Day (Legal).