Three Arch Partners financial update

Healthcare VC firm Three Arch said it will not raise another multi-sector healthcare fund. The firm, which has over $1 billion in capital under management, said it is not winding down operations and will continue to actively manage its remaining portfolio of about 20 companies. Three Arch's most recent fund, Three Arch Partners IV, closed with $450 million in 2004 and is fully committed. The firm focuses on investments in medical devices and healthcare services, with less frequent investments in biotechnology. ...