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Fund & Investor Interest: Foresite Capital closes oversubscribed $668M venture fund
Foresite Capital Management, LLC
Foresite Capital surpassed its $650 million goal to close its largest fund yet, with $668 million in capital commitments. While the firm doesn't limit itself by therapeutic area, it will pay particular attention to companies using data science and machine learning in the healthcare and life sciences space.
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The new fund brings Foresite's total assets under management to $2 billion and follows a $450 million raise in 2015, a $300 million fund put together in 2014 and a $100 million close in 2013, all slated to bankroll late-stage companies.