Bain creates $1.1B fund for fresh round of life science bets

fiercebiotech | June 13, 2019

Bain Capital has raised a $1.1 billion life sciences fund to place another round of big bets. The fund sets Bain up to continue striking eye-catching deals such as the Pfizer spinouts it bankrolled through its first life science investment vehicle. Private investment firm Bain set up its first life science fund in 2016, pulling in $600 million from third parties and adding $120 million from its own coffers. Since then, Bain has been involved in some of the biggest investments in biotech, eschewing early-stage companies in favor of businesses that have gone some way toward validating their pipelines. That focus led Bain to commit $350 million to a startup that acquired Pfizer’s neuroscience pipeline and help another Pfizer spinout raise $228 million. Now, Bain has raised another $900 million from outside investors for its second life science fund, Bloomberg reports. With Bain committing around $180 million of its own money to the investment vehicle, the overall fund is about 64% bigger than its predecessor.

Spotlight

Applikon Biotechnology is a world leader in developing and supplying advanced bioreactor systems from laboratory scale to production scale. We are the only company that can take a customer from the initial screening stage up to full-scale production using the same platform. This minimizes scale-up risks and guarantees the shortest time to market for our customers' new product development.

Spotlight

Applikon Biotechnology is a world leader in developing and supplying advanced bioreactor systems from laboratory scale to production scale. We are the only company that can take a customer from the initial screening stage up to full-scale production using the same platform. This minimizes scale-up risks and guarantees the shortest time to market for our customers' new product development.

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