Monday, October 7, 2013
In raising its seventh fund, Frazier
Healthcare took the advice of LPs who suggested bigger is not always
better. The fund closed last week at $377 million, overshooting its $300
million target but coming in well below the $600 million fund Frazier closed in
LPs are decreasing their
venture exposure. But rather than exiting the space, they are getting more
selective, according to Frazier's James Topper.