Deerfield Launches New VC Fund

This is at least the third life sciences firm to raise money in recent months for funds aimed at start-ups.


Illustration by II

Deerfield Management is the latest life sciences hedge fund firm to launch a new venture capital fund. It has been raising money for Deerfield Healthcare Innovations Fund III, according to a recent regulatory filing.

This is further evidence that life sciences investment firms see a growing opportunity in start-ups and other private companies after nearly two years of valuation reductions and a near drying up of interest in the private markets in general.

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