All in the family

About a year after signing on to run family office Vendel Group, Kleanthis Xanthopoulos has decided he wants more firepower and is bringing additional offices into the fold. The resulting firm, dubbed Cerus Advisors, has $300 million under management with the ability to flex that to $500 million.

The overarching goal remains creating life science newcos on the West Coast, but Cerus will be able to draw on additional pools of money to make its investments...