Vivo closes latest Sino-US healthcare fund at $750m
US-based Vivo Capital has closed its eighth fund at $750 million. It will invest in healthcare companies in the US and China.
The close brings Vivo's assets under management to more than $1.7 billion, according to a release. LPs include both previous investors and newcomers from the US, Europe and Asia. The GP raised $375 million for its seventh fund in 2012.
Vivo primarily seeks out late development-stage pharmaceutical and medical device companies in the US, along with revenue-stage healthcare companies in China. The firm, founded in 1996, has offices in Palo Alto, Beijing and Shanghai, and has previously attracted attention from investors for its hybrid focus on the US and China.
Vivo uses its network to promote partnerships between US and Chinese companies and to support companies that want to expand internationally. One such business was Kanghui Medical, which listed in New York in 2010.
Other Chinese portfolio companies include Shanghai Jingfeng Pharmaceutical, which received nearly $30 million in two separate funding rounds, Haier Bio-Medical, a developer and manufacturer of medical storage and safety equipment that got $17.3 million.
More on Venture
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.