Ebb & Flow

It took less than a month for Frazier Healthcare Ventures to close its sixth fund at $600 million, bringing its funds under management to over $1.8 billion.

"We sent out the PPM (private placement memorandum) in the first week of October, and then it only took three-and-a-half to four weeks," general partner James Topper told Ebb & Flow. "The existing LPs are quite happy - the vast majority wanted to re-up or increase their allocation."...