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Late Stage Venture Firms

by Siobhan Brewster

  • 15 Sep 2010
  • PE

Preqin’s Fund Manager Profiles provides details on over 275 North American fund managers interested in providing late stage venture capital to companies. However, late stage funds are often raised by specialized later stage venture capital firms. There are currently 12 late stage venture funds being raised by North American-based venture firms, targeting an aggregate $2.9 billion. The year to date has already seen four late stage venture funds close globally, raising an aggregate $1.8 billion.

Channel Medical Partners is a specialized late stage venture capital firm that focuses on public and private medical technology and device companies. The firm is currently raising its second late stage fund, which is targeting $150 million for investment in North American companies. Channel Medical Partners II is a follow-on fund to Channel Medical Partners, which closed in 2001 on $40 million.

IP Finance is a Larchmont, New York-based intellectual property licensing and structuring firm that focuses on identifying, investing in, managing and developing later stage or mature intellectual property assets. The firm specializes in joint ventures with small to medium-sized innovative corporations and at the moment it is raising a $300 million fund for exclusive investment within the intellectual property industry.

Merlin Nexus is a third North American firm managing one of the 12 late stage funds currently in market. The New York-based firm prefers to invest globally in the life sciences industry. Merlin Nexus is soon to begin raising its fourth late stage fund since 2001 and intends to raise $75 million for Merlin Nexus IV. The current fund will follow the same strategy as its predecessor fund which closed in May 2009 on $33 million and focused on the pharmaceuticals, healthcare, life sciences, biotechnology and medical devices industries.

Preqin's Fund Manager Profiles provides information on all types of private equity fund managers.

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