Rothschild aiming to raise EUR 500M over four years

Edmond de Rothschild Investment Partners said it plans to raise up to EUR 500 million ($672.2 million) over the next four years, which would bring the firm's assets under management to EUR 1.3 billion ($1.7 billion). The amount includes an additional EUR 75 million ($100.8 million) for the firm's BioDiscovery 4 fund. Last July, EdRIP raised EUR 125 million ($153.6 million) in the first close of the dedicated life science fund and said it was targeting a final close of EUR 200 million. Earlier this month, EdRIP Partner Gilles Nobecourt said on BioCentury This Week television that the firm expects to close the fund this spring (see BioCentury This Week, Jan. 20). ...