HealthCare Royalty Partners closes $1.5B fund

HealthCare Royalty Partners closed its third fund, HealthCare Royalty Partners III, at $1.5 billion, which the firm said exceeded its original target by over 75%.

Managing Director Todd Davis told BioCentury the firm had targeted $850 million. Investors included the state of Florida, Strathclyde Pension Fund, Missouri Local Government Employees Retirement System and HESTA. ...