Hillman Medical Ventures was to announce today that it has launched a new investment vehicle - Rock Hill Ventures - focused on virtual companies. The new fund will seek to take advantage of existing regulatory, manufacturing and marketing capacity that can be accessed as needed, rather than investing in duplicative infrastructure.

The fund won't have a predetermined size, but will draw funds from its investor, The Hillman Co. (Horsham, Penn.), as needed. Rock Hill will be managed by Hal Broderson and Chuck Hadley