RA Capital’s New VC Fund

The life sciences specialist is the latest hedge fund firm to raise additional capital to invest in private companies.

RA Capital is headquartered in Boston, Massachusetts. (Brent Lewin/Bloomberg)

RA Capital is headquartered in Boston, Massachusetts.

(Brent Lewin/Bloomberg)

The most active life sciences hedge fund firm in the private markets has launched its third venture capital fund.

RA Capital raised $880 million for RA Capital Nexus Fund III, which was “significantly oversubscribed,” according to a firm announcement.

It brought in capital from existing and new investors, including a group of endowments, foundations, hospital systems, and family offices, according to the firm.

Nexus

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