San Francisco Hedge Fund Firm Seeks Capital for VC Fund

EcoR1, whose founder was named a Hedge Fund Rising Star in 2015, has produced strong performance in its main hedge fund for the past few years.

Oleg Nodelman, founder of EcoR1 Capital. (Amanda Gordon/Bloomberg)

Oleg Nodelman, founder of EcoR1 Capital.

(Amanda Gordon/Bloomberg)

EcoR1 Capital, an up-and-coming hedge fund firm focused on biotechnology, is raising a venture capital fund, according to a regulatory filing.

The firm is seeking capital for the EcoR1 Venture Opportunity Offshore Fund, the filing shows. The minimum investment is $2 million.

EcoR1, founded by Oleg Nodelman in 2012, invests in biotech companies that are developing “promising new solutions for untreated diseases,” according to its website.

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