BioCentury
ARTICLE | Finance

Practice makes Pivotal

Pivotal to focus on expanding team to fulfill long-term goal of building newcos

March 17, 2017 9:10 PM UTC
The firm doesn't plan to expand its LP base for the current fund. With only one, Saxton noted, "I'm not spending a ton of time communicating with different LPs with different interests in different time zones."

Newly launched Pivotal bioVenture Partners plans to join syndicates funding early stage companies until it finishes building out its team and can begin to lead investments and play a larger role in the company-building process.

The firm closed its debut fund on March 16 at $301 million. ...