OrbiMed Closes Pan-Asia Healthcare Fund with $325 Million

OrbiMed Advisors closed its pan-Asia healthcare fund, OrbiMed Asia Partners II L.P., with $325 million in capital. That is much higher than the $188 million raised for the company's first Asia fund and slightly above the $300 million target. OrbiMed plans to make between 15 and 20 investments from the fund with a $40 million cap on any one transaction. However, if appropriate, OrbiMed's global fund could contribute and bring the total up to $100 million. More details.... Share this with colleagues: // //