Vivo closes $635M life sciences fund

Vivo Capital said it closed its oversubscribed Vivo Opportunity Fund with $635 million. The long-only public equity fund plans to invest in small to mid-cap companies through follow-ons, private placements, IPOs and block trades.

Vivo’s Albert Cha told BioCentury that the fund began making investments this year and that it is generally focused on therapeutics...