Santé Ventures raises USD260m for fourth fund
Santé Ventures (Santé), an early-stage healthcare and life sciences investment firm, has held the final close of its oversubscribed Fund IV at USD260 million.
Consistent with Santé's industry focus, expertise, and previous success, the new fund will make strategic investments across early-stage Biotech, Healthtech, and Medtech companies.
Fund IV secured capital commitments from more than two-dozen limited partners, including the Pennsylvania Public School Employees' Retirement System (PSERS) and new institutional investors in Asia and Latin America. Returning limited partners in previous Santé funds accounted for nearly 90 per cent of the total capital.
"The confidence and commitment of our investors led to the quickest fundraise since inception," says Kevin Lalande, Co-Founder and Managing Director of Santé Ventures. "We are grateful for their partnership as we deploy this next fund to capitalise on significant healthcare opportunities and nurture cutting-edge technologies that can improve lives.
"We have seen firsthand how events over the last 18 months have accelerated the adoption of technology in all facets of life, especially in healthcare. Our team's deep understanding of biological systems, machine learning, and health industry economics offers a truly differentiated investment platform. Santé's disciplined portfolio strategy is designed to engineer the luck out of fund-level venture capital returns by delivering superior performance independent of vintage year and the broader macroeconomic cycle, as demonstrated in the success of our track record over the last 15 years. We are well-positioned to develop this next portfolio of compelling new venture opportunities, which will be consistent with the investment strategy and operating principles that have served the firm so well to date."
Following its close, the Fund will build a portfolio of 15-25 investments in authentically innovative companies with the potential to deliver better health outcomes at lower cost. As a first mover in the healthcare and life science sectors, Santé typically leads or co-leads Seed or Series A fundraising rounds, often creating the new company from scratch or as an entrepreneur's first institutional investor.