European investment group LSP closes $330m healthcare fund

European life sciences investment group LSP said yesterday it closed its new $330 million (EU €280 million) medical technology fund. The new Health Economics Fund 2 was oversubscribed and exceeded its target size and original hard cap, LSP said. The investment group touted the fund as the largest in Europe to be dedicated to medical technology. “With this new and sizable fund, we have now firmly established our health economics and medical technology strategy. Together with our other fund strategies, LSP 1-5 investing mainly in drug development and LSP Public investing in public health care companies, we now cover the entire life sciences landscape as one of Europe’s largest investors in the sector,” LSP managing partner Dr René Kuijten said in a prepared statement. The newly formed LSP HEF 2 fund will look to invest in private companies with innovative medical devices, diagnostics and digital health, LSP said. The first HEF fund previously made 10 investments in the same field, with notable investments in Neuravi and Rotation Medical. The LSP HEF 2 will focus on Europe and the US and aims to invest in approximately 15 private companies across the areas of medical devices, diagnostics and digital health. “The success of this fundraising is a strong validation of our strategy – investing in medical innovation to benefit both patients, and investors. As with the first LSP Health Economics Fund, we plan to invest in companies with products that can i...
Source: Mass Device - Category: Medical Devices Authors: Tags: Business/Financial News lsp Source Type: news