BioCentury
ARTICLE | Financial News

Flagship closes $537M Fund V

March 27, 2015 12:50 AM UTC

Flagship Ventures closed its oversubscribed Flagship Ventures Fund V at $537 million, exceeding its original target of $300 million. Flagship plans to invest the fund in 25-30 companies, with up to 75% going to healthcare companies and the remainder to the sustainability sector. Flagship CEO and senior managing partner Noubar Afeyan did not specify how much of the fund would be allocated to therapeutics, but said the sector "has been and will continue to be the majority of what we do."

Afeyan declined to name the fund's limited partners, but said they included a mix of existing and new investors. ...