Perceptive Advisors, an investment management firm focused on the healthcare sector, has closed the Perceptive Credit Opportunities Fund, which provides private credit to healthcare companies.
The fund and related entities have USD323 million in investor commitments, exceeding the USD300 million target.
The fund's global investor base includes endowments, family offices and institutional investors.
It is focused on providing customised debt financing solutions to healthcare companies across all stages and subsectors, including biopharma, medical devices, diagnostics, life science research and healthcare information technology.
The fund partners with small and medium-sized companies to provide capital ranging from USD10 million to USD50 million per investment. Through prior closings, the fund has been actively investing in companies.
"We are really thrilled to have this new investment fund dedicated to providing private credit to healthcare companies to fuel innovation and support growth," says Joseph Edelman, founder and CEO of Perceptive Advisors.
"We are seeing strong interest from healthcare companies seeking minimally dilutive funding for growth opportunities. Our capital base will enable us to invest in attractive opportunities that we are seeing in the market," says Sam Chawla, portfolio manager of the Perceptive Credit Opportunities Fund. "We are grateful for the strong support we received from our broad base of limited partners."
