How Third Rock will deploy $770M in its biggest fund yet

Staff changes and VC trends likely won’t sway Third Rock’s core strategy

Staff changes and recent trends in private capital dynamics aren’t likely to sway Third Rock Ventures’ strategy as it invests its new $770 million Fund V, the firm’s largest-ever vehicle. The firm will, however, have even deeper pockets for new investments, which it hopes to make a bit more slowly than it did with Fund IV.

Since closing its $616 million Fund IV in October 2016, Third Rock has added

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