Vensana Capital Closes Third Flagship Healthcare Fund at $425M

The fund was oversubscribed, thanks to existing LPs and new institutional investors. According to Dakota data, the Illinois Municipal Retirement Fund allocated $30M to the fund, following on a $20M commitment to its predecessor. For that fund, Vensana Capital II, Vensana targeted a total capital raise of $300M. According to separate filings with the SEC, J.P. Morgan Securities assisted in marketing both funds in the US.

Vensana capitalizes on opportunities in the medical technology sector, particularly in medical device and data-science oriented companies. Since its establishment in 2019, the firm has teamed up with over 20 companies and executed exits worth a combined $3B. Vensana said the latest fundraising increased its capital under management to $1B.

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Written By: Dakota

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