BioCentury
ARTICLE | Finance

CTI sees green

Exits helping Canada's CTI raise larger second fund with return investors

February 11, 2013 8:00 AM UTC

Montreal's CTI Life Sciences has its sights on a larger second fund thanks in part to commitments from existing LPs impressed by large exits in the firm's C$100 million ($100.3 million) first fund.

For its second fund, CTI is seeking C$150 million ($150.4 million) in an initial close this quarter. A further C$50 million ($50.1 million) may be added in a second close...