NEA raises $3.2B for two funds

New Enterprise Associates raised a total of $3.2 billion for two funds, including $2.8 billion for NEA 15 and $350 million for an adjunct fund, NEA 15 Opportunity Fund. The firm had targeted $2.5 billion for NEA 15 (see BioCentury Extra, Jan. 14).

NEA Partner Mohamad Makhzoumi told BioCentury the firm plans to allocate 35% of NEA 15 towards healthcare, focusing on biopharma, healthcare services and medical devices. The fund will invest in both early and late-stage companies worldwide. ...