Xeraya, Spruce in $150m first close on second life sciences fund
Khazanah Nasional-controlled Xeraya Capital and Spruce Capital Partners have reached a first close of $150 million on MLS Capital Fund II, successor to the vintage Malaysian Life Sciences Capital Fund, which is now fully allocated.
LPs include institutional and global corporate investors. The first fund, which reached a final close of $162 million in 2006, received a $41 million contribution from the Malaysian government, with the...
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