Rockefeller Family Venture Firm Reveals The Formation Of $194 Million Healthcare Fund

Venrock, a firm originally established as the venture arm of the Rockefeller family, has revealed the formation of its $194 million Venrock Healthcare Capital Partners fund dedicated to investments in publicly held and late stage private healthcare companies. "In addition

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Venrock, a firm originally established as the venture arm of the Rockefeller family, has revealed the formation of its $194 million Venrock Healthcare Capital Partners fund dedicated to investments in publicly-held and late-stage private healthcare companies.

“In addition to its early stage venture investing activities, Venrock has made several investments in public corporations opportunistically in the past, such as Sirna and World Heart Corporation,” says Anders Hove, managing director and partner at Venrock. “Our investment approach is uniquely applicable to evaluating publicly-held, small cap healthcare companies as potential investment opportunities and, as venture capitalists, we can provide a valuable outside perspective as strategic advisors.”

Venrock was heavily involved in the healthcare venture capital in the early 1980s. In the last several years, Venrock brought XenoPort and athenahealth to the public market and played a role in the acquisitions of Sirna Therapeutics by Merck and Adnexus by Bristol Myers Squibb. Venrock has 39 companies in its current healthcare portfolio.

“Venrock Healthcare Capital Partners presents a tremendous opportunity for us to leverage our expertise and relationships in building biotech companies within the public realm,” says Bryan Roberts, partner at Venrock. “The healthcare sector continues to be an important focus for Venrock as we focus on identifying, financing and building tomorrow’s industry leaders.”

D.C.

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