Forbion raises €270M, surpassing target for fourth fund

Forbion Capital Partners raised €270 million ($317.8 million) toward Forbion IV, surpassing its target of €250 million ($294.2 million).

The firm said the fund will have a "sharper focus" on biotech investments than Forbion Capital Fund III (FCF III). Forbion IV will invest in about 15 companies -- five of which it plans to co-found -- for initial target stakes of 20-50%...