The London-based firm, which has closed five deals, exceeded its €500m target.
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The fund will be led by Adam Koppel, who rejoined the firm this year from biotechnology company Biogen, and Jeff Schwartz, who moves over from Bain’s private equity team.
The US lower mid-market firm, which currently holds four healthcare portfolio companies, exceeded its $750m target.
Investors in the fund, which has backed a number of healthcare companies, include insurance company The Hartford and Pomona Investment Fund, a private equity fund-of-fund for HNWs.
Questa Capital Management, founded by an ex-partner at New Enterprise Associates, is targeting $250 million for its first fund.
Veronis Suhler Stevenson has invested in Connexion Point, the first deal from Structured Capital III, for which the firm, which is restructuring previous funds, has raised around $200m, PHI can reveal.
Californian biotech investor Sofinnova Ventures has closed its tenth fund on its hard cap of $650 million, exceeding its $550 million target.
Canadian venture capital firm Quark Venture and Chinese investment bank GF Securities have held a first close of $100m on a $500 million life sciences fund.
Arsenal Capital Partners raised the fund in a little over a year as a successor to its Fund III, which is currently booking a strong internal rate of return.
New State Capital Partners has closed its first institutional private equity fund on $131 million and struck a healthcare platform deal.