Socially conscious biomedical venture fund

Sanderling has launched fund raising efforts for a $20 million fund, Sanderling Philanthropic & Environmental Fund L.P., designed to benefit both investors and the environment.

The fund is the brainchild of Robert McNeil, a general partner at Sanderling who is an outdoors enthusiast. "It's a creative way to raise a lot of money for the environment," he told BioCentury.