Flagship closes $618M fund

Life sciences VC Flagship Pioneering closed Flagship Pioneering Fund VI L.P. at $618 million, exceeding its $500 million target.

Flagship has more than $2.3 billion under management. The VC closed its fifth fund in 2015 at $537 million. Last year, it raised a $285 million Special Opportunities fund, which invests in growth stage companies in Flagship's portfolio (see BioCentury, Dec. 16, 2016)...