OrbiMed Forms $735M VC Fund To Invest In Health Industry

Law360, New York (November 1, 2013, 1:56 PM EDT) -- OrbiMed Advisors LLC has closed its latest venture capital fund with more than $735 million in commitments, drawing investments from some of the largest endowments, sovereign wealth funds, foundations and financial institutions across the globe, the health care investment firm said Friday.

Like the funds that came before it, OrbiMed’s newest offering, OrbiMed Private Investments V LP, will back all stages and sectors of the health care industry, with a focus on biopharmaceutical, medical device and diagnostic companies in North America and Europe.

The new fund...
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