Fresh Money 2015-Q4 http://jaycaplan.com/

Date VC/PE Website Headline Location Abingworth raises $105m for First Dedicated Clinical Co- 1/21/16 Abingworth http://www.abingworth.com/ Development Fund London, UK 1/20/16 http://www.nvp.com/ Norwest Venture Partners Raises a New $1.2 Billion Fund Palo Alto, CA University College London‘s tech fund has raised 50 million 1/18/16 UCL Technology Fund https://www.ucl.ac.uk/news/news-articles/0116/180116-technology-fundpounds (over $71 million) in funding London, UK PE Firm Nautic Partners, LLC Has Completed a Successful Fund Raise of $900 million for Its Eighth Fund in three primary sector verticals: healthcare, industrial products, and 1/11/16 Nautic Partners http://nautic.com/ outsourced services Providence, RI Termsheet Reports: AccelMed, an Israeli private investment firm focused on healthcare, is raising upwards of $300 million 1/6/16 AccelMed http://www.accelmed.co.il/ for a new growth equity fund, according to a regulatory filing. Herzliya Pituach,Israel Termsheet reports: Healthquest Partners, a Menlo Park, Calif.- based firm, is raising upwards of $175 million 1/4/16 Healthquest Partners http://www.healthquestcapital.com/ for its second fund, according to a regulatory filing Menlo Park, CA Termsheet reports: DW Healthcare Partners is raising upwards of $350 million for its fourth fund, according to regulatory 1/4/16 DW Healthcare Partners http://dwhp.com/ filings Toronto, Ontario 12/30/15 HLM Venture Partners http://hlmvp.com/ HLM Venture Partners snags $63.7 mln for fourth fund Boston, MA 12/21/15 OrbiMed http://www.orbimed.com/ OrbiMed Launches $950 Million Venture Capital Fund New York NY USVP Raises $300M Early-Stage Venture Capital Fund, USVP 12/15/15 USVP http://www.usvp.com/ XI Menlo Park CA UC Investments will anchor fund led by Vivek Ranadivé to 12/15/15 UC Investments http://techcrunch.com/2015/12/21/vivek-ranadive-on-how-hell-invest-ucs-250-million/invest in UC innovation San Francisco, CA Seventure Partners racks up about $176 mln for microbiome 12/14/15 Seventure Partners http://www.seventure.fr/en fund Paris, FR, Nyon Switzerland WuXi Healthcare Ventures II, L.P. Closes $290 million WuXi 12/14/15 WuXi Healthcare Ventures http://www.wuxiventures.com/ Healthcare Ventures II, L.P Cambridge, MA 12/7/15 Sofinnova Partners http://www.sofinnova.com/ Sofinnova Partners Raises €300 Million Eighth Healthcare Fund Menlo Park, CA, San Diego CA Warburg Pincus Completes Fundraising For $12 Billion Global 11/23/15 Warburg Pincus http://www.warburgpincus.com/ Fund New York NY 11/19/15 Andreessen Horowitz http://a16z.com/tag/bio-fund/ Andreessen Horowitz Raises $200M AH Bio Fund Menlo Park, CA Former Sanofi CEO Viehbacher Forms Boston Pharmaceuticals 11/19/15 Boston Pharmaceuticals http://www.gurnetpointcapital.com/ with $600M to bankroll new drugs Cambridge, MA TEEC Angel Fund Closes $30 Million, Launches Incentive Compensation Program to Defy Early-Stage Venture 11/4/15 TEEC Angel Fund http://www.teec-angel.com/ Investment Model Palo Alto, CA Growth - Announcing 1st Closing of Planned $250M 11/2/15 Pitango Growth http://www.pitango.com/ Growth Fund Herzliya, Israel 11/1/15 Converge Venture Partners https://convergevp.com/ CommonAngels is now Converge Venture Partners Cambridge, MA Venture Veterans Frazier Healthcare Partners Commit New 10/29/15 Frazier Healthcare http://www.frazierhealthcare.com/ $262M Fund To Biopharma Bets Seattle, WA Fidelity Biosciences and Devonshire Investors’ Technology 10/5/15 F-Prime Capital Partners http://fprimecapital.com/ Venture Fund Launch as F-Prime Capital Partners Cambridge, MA 9/8/15 Silversmith Capital Partners http://silversmithcapital.com/ Silversmith Capital Partners Closes of $460 Million Fund Boston RoundTable Healthcare PE Firm RoundTable Healthcare Partners Closes $650M Fourth 9/2/15 Partners http://www.roundtablehp.com/ Equity Fund and $200M Third Subordinated Debt Fund Lake Forest, Illinois

8/25/15 Hatteras Venture Partners http://hatterasvp.com/ Hatteras Venture Partners Raises $91M of Fifth $150M VC Fund Durham, NC Visium Healthcare PE Fund Holds First Close On $275 Mln, to meet financing needs in the healthcare industry through structured investments in royalty interests, revenue interests, secured debt, and selective equity securities, as well as hybrid investments combining elements of the foregoing, supported 8/22/15 Visium Healthcare https://www.visiumfunds.com/Funds.aspxby healthcare assets and cash flows. New York Aisling Capital is Raising Fourth Life Science PE Find at $400M 8/17/15 Aisling Capital https://www.aislingcapital.com/ to $500M New York Deerfield Launches $550 Million Healthcare Venture-Capital 8/3/15 Deerfield https://www.deerfield.com/ Fund New York 7/29/15 Foresite Capital http://www.foresitecapital.com/ Foresite Capital closes third fund at $450 mln San Francisco, CA 7/23/15 Index Ventures https://indexventures.com/ Index Ventures raises $66.5M toward new life sciences fund London, San Francisco, Geneva Term Sheet Reports That Dutch PE Firm Gilde Buy Out 7/22/15 Gilde Buy Out Partners http://gilde.com/ Partners, Is Raising EU1B Fifth PE Fund Utrecht, Netherlands PE Fund Athyrium Capital Management And Neuberger Berman Close $1.2B Healthcare Fund to make $25-$150M investments in commercial-stage public or private healthcare companies including biopharma, medical devices, diagnostics, healthcare 7/20/15 Athyrium Capital Management http://www.athyrium.com/ services and healthcare information technology New York NaviMed Capital Announces Closing of New $110 million 7/14/15 NaviMed Capital http://navimed.com/ Healthcare Private Equity Fund Washington, DC 7/9/15 BioStar Ventures http://www.biostarventures.com/ BioStar Ventures Raises $68.8 Million for Third Fund Petoskey, MI Middle market private equity firm Tailwind Capital Closes $1.05B Fund II to invest in growth-oriented companies in 7/6/15 Tailwind Capital http://www.tailwind.com/ healthcare, business and communications services New York PE Hub Reports that Swedish VC HealthCap Raising $222M 7/6/15 HealthCap http://www.healthcap.eu/ Seventh Fund (Odlander Fredrikson & Co) Stockholm Toronto-based Whitecap Venture Partners Raises $100M Third Fund For Information and Communications Technology (ICT), 6/23/15 Whitecap Venture Partners http://whitecapvp.com/ Medical Tech, and Food Tech Toronto

Copyright 2016 Jay Caplan 1 of 16 http://jaycaplan.com/ Fresh Money 2015-Q4 http://jaycaplan.com/

Date VC/PE Website Headline Location Ex-Sanofi CEO Chris Viehbacher talks about his new fund, Gurnet Point Capital, a new $2 billion healthcare venture capital and private equity fund bankrolled by the Bertarelli 6/23/15 Gurnet Point Capital http://www.gurnetpointcapital.com/ family Cambridge, MA Term Sheet Reports that Arboretum Ventures is Raising $215M 6/19/15 Arboretum Ventures http://www.arboretumvc.com/ Fourth Fund Ann Arbor, MI LEERINK Capital Partners and Revelation Partners Announce Strategic Partnership and Close of $192 Million Healthcare 6/11/15 LEERINK Revelation Partners http://www.revelation-partners.com/ Fund For Direct Secondary Investments San Francisco, CA PE Firm Ridgemont Equity Is Nearing First Close of $900M Fund II, for basic industries and services, energy, healthcare, 6/11/15 Ridgemont Equity http://www.ridgemontep.com/ and telecommunications/ media/ technology Charlotte, NC Cambridge MA, San Francisco 6/9/15 Clarus Ventures http://www.clarusventures.com/ Clarus Ventures Closes $500M Third Life Sciences Fund CA Healthcare Middle Market PE Firm Cortec Completes Raise Of $1.1B Cortec Fund VI 6/7/15 Cortec https://www.cortecgroup.com/ New York PE Hub Reports That Revolution Growth Is raising $450M Third 6/2/15 Revolution Growth http://www.revolution.com/entity/growth/fund Washington, DC 6/1/15 BelHealth http://belhealth.com/ private equity firm BelHealth raises $350M second fund New York PE Hub Reports that SV Life Sciences Advisors Is Raising a 5/27/15 SV Life Sciences Advisors http://www.svlsa.com/ $400M Sixth Fund according to an SEC filing Boston, San Francisco, London Kurma Partners announces the launch of its third EU33M fund 5/26/15 Kurma Partners http://kurmapartners.com/en/ Kurma Diagnostics Paris Fonds de solidarité FTQ Invests €10.5 Million in Forbion III to 5/22/15 Forbion http://www.forbion.com/ Attract International Life Science Funds to Québec Netherlands, Germany

5/20/15 Osage University Partners http://osagepartners.com/osage-university-partners/Osage University Partners closes $215 mln for second fund Bala Cynwyd, PA MPM Capital Closes Sixth Fund: $400M Early-Stage Fund for 5/13/15 MPM Capital http://www.mpmcapital.com/ Life Sciences Cambridge, MA Mission Bay Capital Fund II raises $25 mln for early-stage investments in bioscience companies emerging from the University of California and the San Francisco Bay Area 5/11/15 Mission Bay Capital Fund http://missionbaycapital.com/ ecosystem San Francisco Longwood Founders PE Hub Reports That Longwood Founders Management Is 5/1/15 Management http://www.longwoodfund.com/ Raising Third Fund with $90M Target Boston, MA

Flare Capital Partners I (Formerly Foundation Medical Partners) 4/29/15 Flare Capital Partners http://flarecapital.com/ Raises $200M dedicated healthcare technology venture fund Boston, MA Oberland Capital Raises $425M First healthcare royalties and 4/24/15 Oberland Capital http://www.oberlandcapital.com/ credit fund New York PE firm Madison Dearborn raises almost $1B in two healthcare funds, one of which will acquire Walgreens Infusion Services a 4/22/15 Madison Dearborn http://www.mdcp.com/ 110 unit specialized pharmacy chain Chicago Presidio Partners Announces New $400M Fund For information 4/21/15 Presidio Partners http://presidiopartners.com/ technology, life sciences and energy technology investments San Francisco Brandon Capital Medical Australian Life Science VC, Brandon Capital Medical Research Research Commercialisation Commercialisation Fund, Raises $154.4M Third 4/20/15 Fund http://www.brandoncapital.com.au/funds/medical-research-commercialisation-fundBiotech/MedTech Seed Fund Melbourne, Sydney Atlas Venture Raises Atlas X: A $280M pure play biotech 4/17/15 Atlas Venture https://atlasventure.com/ startup fund Cambridge, MA Globes Reports That OrbiMed Mulls Raising Second $200-250M 4/16/15 OrbiMed http://www.orbimed.com/ Israel Life Science Fund New York Term Sheet Reports that .406 Ventures is Raising a $200M 4/16/15 .406 Ventures http://www.406ventures.com/ Third Technology VC Fund, including Healthcare IT Boston, MA Menlo Park, Washington DC, New York, Chicago, China, 4/15/15 NEA http://www.nea.com/ VC Firm NEA Raises A Record $3.1 Billion For Fifteenth Fund India RiverVest Venture Partners has raised $75.8 million toward a 4/14/15 RiverVest Venture Partners http://www.rivervest.com/ $150 million third fund St. Louis, MO Woodford Patient Capital Trust Changes Fund Size To Raise 4/9/15 Woodford Patient Capital Trust https://woodfordfunds.com/upsizing-patient-capital/£500m or more London 4/8/15 Summit Partners http://www.summitpartners.com/ PE Firm Summit Partners Preparing to Raise Ninth Funt at $3B Boston Accel Announces $305M India-Focused VC Fund To Invest In India-based consumer, enterprise software, mobile and 4/5/15 Accel Partners http://www.accel.com/ healthcare businesses Palo Alto, CA Lux Capital Raises $350 Million Fund to Invest in Daring 4/2/15 Lux Capital http://www.luxcapital.com/ Entrepreneurs Building Futuristic Ventures New York, Menlo Park 4/1/15 Index Ventures https://indexventures.com/ Index Ventures raises $700 million for 'growth' deals London, San Francisco, Geneva Leading Life Sciences Venture Capital Firms to Manage $150M NYC Early-Stage Life Sciences NYC Early-Stage Life Sciences Funding Initiative and Establish 4/1/15 Funding Initiative http://www.nycedc.com/program/nyc-early-stage-life-sciences-funding-initiativePresence in NYC, Bolstering City as a Global Industry Leader New York San Francisco-based Healthy Ventures Raises $10.7M First 3/27/15 Healthy Ventures http://www.healthy.vc/ Seed Fund for Digital Health San Francisco 3/26/15 Flagship Ventures http://www.flagshipventures.com/ Flagship Ventures Closes $537 million for its Fifth Fund Cambridge, MA Joint Polish Investment Fund Joint Polish Investment Fund Management (JPIF) Closes $42M 3/25/15 Management http://www.jpifund.com/ Life Sciences VC Fund Warsaw, Poland Next Closing Brings Seventure Partners’ Health for Life Capital 3/19/15 Seventure Partners http://www.seventure.fr/en Investment Vehicle to €100m Paris, FR, Nyon Switzerland

Copyright 2016 Jay Caplan 2 of 16 http://jaycaplan.com/ Fresh Money 2015-Q4 http://jaycaplan.com/

Date VC/PE Website Headline Location Vivo Capital Closes Oversubscribed $750 Million 8th Fund to 3/17/15 Vivo Capital http://vivocapital.net/ Invest in Healthcare in the U.S. and Greater China Palo Alto, Shanghai, Beijing PE Firm Linden Capital Partners Closes $750M Third Fund To Invest In middle-market healthcare and life sciences 3/5/15 Linden Capital Partners http://www.lindenllc.com/ companies Chicago Generalist PE Firm TPG Capital reaches $6.5 bln for Fund VII’s Austin TX, Dallas TX, New York, 3/2/15 TPG Capital https://tpg.com/ first close San Francisco Ireland's Malin Raising $308M to $365M via IPO to Invest In 2/27/15 Malin http://www.malinplc.com/ Later Stage Private Life Science Companies Dublin, Ireland AXA Launches AXA Strategic Ventures, a €200M VC fund San Francisco, New York, dedicated to , , financial London, Paris, Zurich, Berlin, 2/25/15 AXA Strategic Ventures http://www.axastrategicventures.com/ technology and healthcare service industries Hong Kong PE Hub Reports That NovaQuest Is Nearing First $700M Close 2/20/15 NovaQuest http://www.novaquest.com/ on $850M Fund IV, To Finance Development Of New Drugs Raleigh, NC Bessemer Venture Partners Announces a $1.6 Billion Fund to Menlo Park, Boston, Israel, 2/19/15 Bessemer Venture Partners https://www.bvp.com/ Invest in the Next Generation of Great Companies Mumbai, New York 2/18/15 Intermountain Healthcare https://intermountainhealthcare.org/about/transforming-healthcare/innovation/business-development/healthbox/Intermountain Healthcare raises $35M venture fund Salt Lake City, UT Term Sheet Reports that Finistere Ventures Raises $37.5M of 2/17/15 Finistere Ventures http://www.finistereventures.com/ $200M Second “Food, Energy and Health” VC Fund San Diego Rainbow Medical Raises $25 Million from Chinese Investors To Seed New Companies Based on Its Own IP and to Fund Herzeliya Pituach 2/16/15 Rainbow Medical http://www.rainbowmd.com/ Existing Portfolio Companies Israel Fierce Medical Devices Reports that BioVentures Investors has 2/11/15 BioVentures Investors http://www.bioventuresinvestors.com/ raised almost $20 million of a new $100 million fund Wellesley, MA Bio/Med Investor Network, A Georgia-Based Angel Group, Formed to Invest in Early-Stage Life Science Companies, 2/9/15 Bio/Med Investor Network http://www.biomedinvestors.com/ Primarily in Georgia Georgia Woodford Investment Management LLP announces its intention to launch £200M Woodford Patient Capital Trust With UK Life 2/6/15 Woodford Patient Capital Trust https://woodfordfunds.com/our-funds/wpct/Science Focus London New York, NY, San Francisco, OrbiMed Launches $924 Million Royalty & Credit Opportunities CA, Mumbai, India, Shanghai 2/2/15 OrbiMed http://www.orbimed.com/ Fund China, Herzliya, Israel Tullis Growth Fund Raises $21.4 million toward a $200 million 1/29/15 Tullis Growth Fund http://www.tullisfunds.com/funds/tg-tullis-growthTullis Growth Fund Greenwich, CT Carolina Research Venture Carolina Research Venture Fund to support UNC-Chapel Hill 1/21/15 Fund http://uncnews.unc.edu/2015/01/21/carolina-research-venture-fund-support-unc-chapel-hill-startups/startups Chapel Hill, North Carolina CTI Life Sciences successfully raises new C$ 134 Million 1/15/15 CTI Life Sciences http://www.ctisciences.com/ venture capital fund Montreal Novartis Pharmaceuticals announces a $100M joint investment company with Qualcomm for digital and mobile health 1/12/15 dRx Capital AG http://www.drxcapital.com/ technologies San Diego Hillhouse Capital Fund I, a $2 billion vehicle that closed in January. The fund is dedicated to the Chinese healthcare 1/11/15 Hillhouse Capital Fund http://www.hillhousecap.com/ industry. China PureTech Announces $50M in New Funding Round, Bringing 1/9/15 PureTech http://puretechhealth.com/ Total Raised in Last Four Months to $107M Boston, MA Fountain Healthcare Partners Launches Second Fund - Initial 1/9/15 Fountain Healthcare Partners http://www.fh-partners.com/ Fund Close of €85 million Dublin & New York Harbour Point Capital Formed as New Private Equity Firm Focused on Healthcare Investing, Plans To Fund Investments 1/8/15 Harbour Point Capital http://www.harbourpointcapital.com/ on Deal By Deal Basis New York Term Sheet Reports that Avego Healthcare Capital has been launched as new healthcare private equity firm based in 1/6/15 Avego Healthcare Capital http://www.avegohc.com/ Alpharetta, Georgia Alpharetta, Georgia PEHub Reports that Aperture Venture Partners has raised $50M 1/2/15 Aperture Venture Partners http://www.aperturevp.com/ of Targeted $100M Third Healthcare Fund New York VentureWire Reports that Domain Associates Raises $163.6M Princetown, New Jersey and 12/26/14 Domain Associates http://www.domainvc.com/ Toward Ninth Fund San Diego, CA HealthCare Private Equity Firm Linden LLC Planning $500M 12/15/14 Linden LLC http://www.lindenllc.com/ First Close on $600 Third Fund Chicago PE Wire Reports That Sequoia Capital Is Raising 15th venture 12/12/14 Sequoia Capital https://www.sequoiacap.com/ fund Menlo Park CA New York State Innovation NY State Launches $50M "New York State Innovation Venture 12/12/14 Venture Capital Fund http://esd.ny.gov/BusinessPrograms/NYSInnovationVentureCapitalFund.htmlCapital Fund" To Match Private VC Funds Albany McKesson Launches Venture Fund, Appoints Tom Rodgers as 12/10/14 McKesson Ventures http://ventures.mckesson.com/ Managing Director San Francisco 12/11/14 Milestone Venture Partners http://www.milestonevp.com/ Milestone Venture Partners Plans $150M Digital-Health Fund New York Term Sheet Reports that DBL Investors Is Raising $300M VC Fund for companies that create pos-i-tive social, envi-ron-men-tal and eco-nomic impactnity Including 12/12/14 DBL Investors http://www.dblpartners.vc/ healthcare investments San Francisco San Francisco, New York, 12/10/14 Versant Ventures http://www.versantventures.com/ Versant Ventures Closes $305 Million Healthcare Fund Minneapolis, Basel Healthcare-focused PE Firm Cressey & Co Raises $615M Fifth 12/9/14 Cressey & Co http://cresseyco.com/ PE fund Chicago Houston-based early-stage VC Mercury Fund Raises $105M Third Fund for Tech, Life Science and Science-based 12/8/14 Mercury Fund http://mercuryfund.com/ Companies in the "U.S. Midcontinent" Houston 12/6/14 http://xfund.com/ Xfund, A Harvard-affiliated VC fund raises $100M Cambridge MA, Menlo Park

Copyright 2016 Jay Caplan 3 of 16 http://jaycaplan.com/ Fresh Money 2015-Q4 http://jaycaplan.com/

Date VC/PE Website Headline Location Polaris Partners raises $450 mln for seventh fund for health 11/27/14 Polaris Partners http://www.polarispartners.com/ and technology startups Boston, MA Financial Times Reports that Neil Woodford backs cutting-edge 11/25/14 Neil Woodford https://woodfordfunds.com/ biotech in new £200m fund Oxford, UK 11/18/14 Baird Capital http://www.bairdcapital.com/ Baird Capital Raises Fourth $185M VC Fund Chicago, IL Dubai-based private equity firm TVM Capital Healthcare Partners plans to raise and invest $200M over the next four TVM Capital Healthcare year to expand its companies across the Gulf Arab region and 11/17/14 Partners http://www.tvm-capital.com/ India Munich, Dubai 11/17/14 Advent Life Sciences http://www.adventls.com/ Advent Life Sciences closes Fund II with 145.5 mln pounds London, UK Mérieux Développement, the pri vate equity investment vehicle of Institut Mérieux, launches second evergreen fund of 150 mi llion euros ($187.3 million) for investments in the healthcar e and nutrition sectors in and venture 11/17/14 Mérieux Développement, http://www.merieux-developpement.com/uk/capital. Cambridge, MA, Lyon, FR NovaQuest Capital NovaQuest launches unusual “pharma” fund targeting $750 11/16/14 Management http://www.novaquest.com/ mln Raleigh, NC Menlo Park, CA, Newport Bayer HealthCare to invest up to USD 25 m illion in “Versant Beach, CA, San Francisco, CA, 11/4/14 Versant Venture Capital http://www.versantventures.com/ Venture Capital V” fund Basel, Switzerland 11/3/14 Rock Health http://rockhealth.com/ Rock Health Announces Third Seed Fund for Digital Health San Francisco, CA Term Sheet Reports that Council Capital Is Raising $125M 10/25/14 Council Capital http://www.councilcapital.com/ Third Fund Nashville, TN Version One Ventures Announces Version One Fund II, 10/23/14 Version One Ventures http://versionone.vc/ Expands Focus To Include Consumer Healthcare IT Palo Alto, CA Vancouver, BC Term Sheet Reports that Bessemer Venture Partners Is expected to announce plans for its ninth fund by end of Menlo Park, Boston, Israel, 10/23/14 Bessemer Venture Partners http://www.bvp.com/ October Mumbai, New York OS Fund Launches With $100M to Invest in quantum-leap 10/21/14 OS Fund http://osfund.co/ breakthroughs for the benefit of humanity San Francisco, CA 10/21/14 HealthCare Royalty Partners http://www.healthcareroyalty.com/ HealthCare Royalty Partners Raises $1.5B Third Fund Stamford, CT PureTech Announces Expansion with Oversubscribed $55M 10/20/14 PureTech http://www.puretechventures.com/ Funding Round Boston, MA Atlas Venture: Atlas Venture brand will be focused exclusively 10/20/14 Atlas Venture http://www.atlasventure.com/ on early stage life science investing Cambridge, MA Osage University Partners Raises $151M of New $200M Second 10/20/14 Osage University Partners http://osagepartners.com/osage-university-partners/VC Fund To Commercialize University Research Bala Cynwyd, PA Canaan Partners Raises $675 Million for its Tenth Generalist Menlo Park, CA, Westport CT, 10/17/14 Canaan Partners http://www.canaan.com/ Fund Israel, India VC shop SOS Ventures is offering startups working broadly in biology $35,000 in seed funding, mentors and lab space at San Francisco, CA, Cork, 10/13/14 SOS Ventures http://www.sosventures.com/ incubators in San Francisco and Cork, Ireland. Ireland. Providence Ventures launches $150 mln healthcare venture 10/13/14 Providence Ventures http://www2.providence.org/phs/news/Pages/Providence-Launches-150-Million-Venture-Capital-Fund.aspxfund Seattle, WA Term Sheet Reports that Generalist Investor US Venture 10/11/14 US Venture Partners http://www.usvp.com/ Partners is Raising A $275M Eleventh Fund Menlo Park, CA Innovation Works collects almost $24 mln for early-stage 10/11/14 Innovation Works https://www.innovationworks.org/ Pittsburgh tech fund Pittsburgh, PA TVM Life Science Ventures VII Raises US $201.6 Million at Final 10/7/14 TVM Life Science Ventures http://www.tvm-lifescience.com/ Closing Montreal. Munich Netherlands-based Aglaia Biomedical Ventures Announces 9/20/14 Aglaia Biomedical Ventures http://www.aglaia-biomedical.com/ $65m Commitments to $100M Oncology Fund II Bilthoven The Netherlands Chiesi Launches Venture Capital Fund via Strategic Collaboration with A. M. Pappas & Associates To Invest In Early Boston, MA, Parma Italy, 9/2/14 Chiesi Ventures http://www.chiesiventures.com/ Stage Opportunities in Therapies for Rare Diseases Research Triangle Park, NC Austin, TX, Chicago IL, Seattle 8/28/14 ARCH Venture Partners http://www.archventure.com/ Latest ARCH Venture Partners Fund Closes Above $400 Million WA, San Francisco CA, Europe HealthQuest Capital (formed by Soffinova Ventures partner Garheng Kong) Raises $110M for Debut Fund with Medtech 8/15/14 HealthQuest Capital http://www.healthquestcapital.com/ Focus Menlo Park, CA 8/6/14 Summation Health Ventures www.shv.io Summation Health Ventures Raises $20M First Fund Long Beach, CA Palo Alto, CA, Cambridge, MA, 8/1/14 Venrock http://www.venrock.com/ Venrock Raises $450M Seventh Generalist Fund New York and Israel Accelerator Corp raises $51.1M Biotech Fund IV Focusing on 7/30/14 Accelerator Corp http://www.acceleratorcorp.com/ Seattle and Seattle, WA, New York Meritech Capital Partners Raises $500M Fifth Tech and Medical 7/29/14 Meritech Capital Partners http://www.meritechcapital.com/ Device Late Stage Fund Palo Alto, CA

7/26/14 New Science Ventures http://newscienceventures.com/ New Science Ventures Raises $24M of new $100M Biotech fund New York NY Cambridge and Tokyo-based Remiges BioPharma Raise $60M 7/25/14 Remiges BioPharma http://www.remigesventures.com/ of new S150M biotech fund (founded by Former Mitsui VCs) Cambridge, MA Menlo Park, CA, San Diego CA, 7/23/14 Sofinnova http://www.sofinnova.com/ Sofinnova Raises $500 Million Biotech Venture Fund IX Dublin 7/23/14 Consonance Capital Partners http://consonancecapital.com/ Consonance Capital Partners Raises $500M healthcare PE fund New York NY Los Angeles CA, New York, 7/22/14 Multiplier Capital http://www.multipliercapital.com/ Multiplier Capital closes $227 mln for initial fund Washington DC Ziegler Link•Age Longevity Fund, L.P Formed with $26.6M to fund equity and equity-like i nvestments in healthcare Ziegler Link•Age Longevity services, healthcare technology and other related products to 7/12/14 Fund, L.P http://www.LinkageConnect.com mee t the needs of seniors and senior living prov iders Mason, OH

Copyright 2016 Jay Caplan 4 of 16 http://jaycaplan.com/ Fresh Money 2015-Q4 http://jaycaplan.com/

Date VC/PE Website Headline Location Menlo Park, CA, Newport Xconomy reports that Versant Ventures Is Close to Closing Beach, CA, San Francisco, CA, 7/9/14 Versant Ventures http://www.versantventures.com/ $300M fund V Basel, Switzerland Edison Ventures Plans $250M Eight Tech Fund Including 7/7/14 Edison Ventures http://www.edisonpartners.com/ Healthcare IT Lawrenceville, NJ Palo Alto, CA, New York, NY, Essex Woodlands Raises $221.5M of new $750M venture fund The Woodlands, TX, 7/7/14 Essex Woodlands https://www.ewhv.com/ for biotech, healthcare London,UK, Shanghai, China Term Sheet Reports that Kleiner Perkins Closes 16th Venture Menlo Park, San Francisco, 7/3/14 Kleiner Perkins http://www.kpcb.com/ Fund at $450M Shanghai, Beijing Menlo Park, CA, Newport Northleaf Venture Catalyst Fund Commits $10 Million, Beach, CA, San Francisco, CA, 6/25/14 Versant Ventures http://www.versantventures.com/ Supporting Continued Canadian Expansion of Versant Ventures Basel, Switzerland Term Sheet Reports that Khosla Ventures is Raising ~$1B 6/24/14 Khosla Ventures http://www.khoslaventures.com/ Fourth Fund Menlo Park, CA Boston MA, New York, Palo Alto 6/18/14 Bain Capital Ventures http://www.baincapitalventures.com/ Bain Capital Ventures Closes $935M fund CA Dolby Family Ventures Launches Small Early Stage Fund 6/17/14 Dolby Family Ventures www.dolbyventures.com Targeting Tech and Medical Devices San Francisco, CA PE Firm Archimed Raises EU100M of EU120M Healthcare Fund 6/10/14 Archimed http://www.archimed-group.eu/?lang=enFor LBO's of Profitable Companies Lyon, FR

Sequoia Capital Raises $530M India-Focused VC Fund to invest 5/30/14 Sequoia Capital https://www.sequoiacap.com/ primarily in technology, consumer and healthcare sectors Menlo Park CA Epidarex Capital closes over $80M for early-stage life science Bethesda, Maryland, 5/30/14 Epidarex Capital http://www.epidarex.com/ fund Edinburgh, Tokyo River Cities Capital Funds Raises Fifth Fund at $200M for growth equity investments in high-potential healthcare and IT 5/27/14 River Cities Capital Funds http://rccf.com/ companies Cincinnati, OH, Raleigh, NC Lightstone Ventures Partners with Enterprise Ireland to 5/21/14 Innovation Fund Ireland http://www.nprf.ie/Investments/InnovationFundIreland.htmcollaborate as part of the Innovation Fund Ireland Ireland Norwest Venture Partners (NVP) Closes $1.2B Twelfth 5/13/14 Norwest Venture Partners http://www.nvp.com/ Generalist Fund Palo Alto, CA Term Sheet Reports that Signal Peak Ventures Is Raising 2nd 5/12/14 Signal Peak Ventures http://www.signalpeak.com/ $150M intermountain generalist fund Salt Lake City, UT VentureWire Reports That Cardinal Partners is Raising a $150M 5/8/14 Cardinal Partners http://www.cardinalpartners.com/ 4th fund Princeton, NJ Palo Alto, CA, Boston MA, 5/1/14 Lightstone Ventures http://www.lightstonevc.com/ Lightstone Ventures Closes First Fund at $172 Million Boulder CO Finnish VC Lifeline Ventures Closes 2nd $21M Venture Fund for 4/26/14 Lifeline Ventures http://lifelineventures.com/ Games, Health and Web startups Helsinki, Finland Venture capital firm Santé Ventures Increases the size o f its 4/15/14 Santé Ventures http://santeventures.com/ 2011 2nd fund $92M to $139 million. Austin, TX, Houston, TX Term Sheet Reports that VC Firm SF-based The Column Group 4/15/14 The Column Group http://www.thecolumngroup.com/ Has Raised $175M of $250M Fund San Francisco, CA Bonn, Germany based High-Tech Gruenderfonds II Raises EU304M for early-stage start-ups in the life sciences and 4/12/14 High Tech Gruenderfonds http://www.en.high-tech-gruenderfonds.de/healthcare sectors Bonn, Germany BVCF Completes $188M Final Close Of Third China Life Science 4/9/14 BVCF http://bvcf.com/ Fund Shanghai, Beijing Deerfield Management Deerfield Announces New $1.6 Billion Private Investment Fund New York, Shanghai, 4/8/14 Company https://www.deerfield.com/ to Advance Healthcare Switzerland Term Sheet Reports That Split Rock Is Open to Healthcare For Remaining 25% of $300M 2009 Fund, But Will Focus Next 4/8/14 Split Rock Partners http://splitrock.com/ Fund On IT Eden Prairie MN, San Francisco Qiming Venture Partners Raises $500M For Its Fourth China- 3/22/14 Qiming Venture Partners http://www.qimingventures.com/ focused Fund Shanghai PE Hub Reports That Galen Partners Will Begin Raising $250M 3/21/14 Galen Partners http://www.galen.com/ Sixth Fund In 2014 Stamford, CT Term Sheet Reports that RiverVest Venture Partners Is Raising 3/20/14 RiverVest Venture Partners http://rivervest.com/ Up To $150M for Third Life Science Fund St. Louis MO, Cleveland OH Term Sheet Reports that Oak Investment Partners Is Raising 3/20/14 Oak Investment Partners http://www.oakinv.com/ $400M Heathcare IT fund Norwalk, Minneapolis, Palo Alto YSIOS CAPITAL BEGINS FUNDRAISING FOR YSIOS BIOFUND 3/20/14 Ysios Capital http://www.ysioscapital.com/ II; Barcelona, Spain North Bridge Venture Partners Raising Eighth Early-Stage 3/7/14 North Bridge Venture Partners http://www.northbridge.com/ Fund, Smaller than 2008 $527M Seventh Fund Palo Alto, Waltham, MA Foresite Capital Closes $300 Million Fund II to Finance Late- 3/4/14 Foresite Capital http://www.foresitecapital.com/ Stage Healthcare Companies San Francisco, CA, New York 3/4/14 Ampersand Capital http://www.ampersandcapital.com/ Ampersand Closes $100M of $300M Eighth Healthcare PE Fund Wellesley, MA Abingworth Raises £225m ($375m) in its Tenth Life Sciences London, UK, Menlo Park, CA, 3/3/14 Abingworth Bioventures http://www.abingworth.com/ Fund Waltham, MA Morningside raises more than $400M for three China-focused 2/25/14 Morningside Group http://www.morningside.com/ funds Hong Kong 2/20/14 NaviMed Partners http://navimed.com/ NaviMed raises $40.7 million Arlington, VA Leslie Bottorff Leaves Onset Ventures to become healthcare- Menlo Park CA, Boston, 2/14/14 GE Ventures http://www.geventures.com/ focused managing director at GE Ventures Houston TX, Chicago Portugal Ventures To Establish Center In Boston, Oporto, Portugal, Lisbon, 2/13/14 Portugal Capital Ventures http://www.portugalventures.pt/ Massachusetts Portugal SEC Filing Indicates that Clarus Ventures is raising $375M third 2/7/14 Clarus Ventures http://www.clarusventures.com/ fund Cambridge MA, Foster City, CA

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Date VC/PE Website Headline Location July 2013: Iguana Healthcare Partners raises $54M investment 1/25/14 Iguana Healthcare Partners http://iguanahealthcare.com/ fund New York PE Firm Riverside Company Closes $1.5B Sixth Fund For Small 1/22/14 Riverside Company http://www.riversidecompany.com/ Mid-Market Companies including Healthcare services Cleveland, OH Seventure Partners Holds €62M First Close o n New €120 1/22/14 Seventure Partners http://www.seventure.fr/en Million "Health For Life Capital " Innovation Fund Paris, FR, Nyon Switzerland Earlybird Venture Capital Holds $110M First Close on New $130M Fund focused on the Turkey and Central and Eastern 1/21/14 Earlybird Venture Capital http://www.earlybird.com/ European markets Berlin, Munich, Instanbul TermSheet Reports that Sequoia Capital is raising sixth $900m- 1/21/14 Sequoia Capital https://www.sequoiacap.com/ $1B U.S. growth equity fund Menlo Park CA SHS Gesellschaft für SHS Gesellschaft für Beteiligungsmanagementh as Announces 1/16/14 Beteiligungsmanagement http://www.shsvc.net/en/ first E56M closing of its fund S HS IV, targeted at E100M Tübingen, Germany VentureWire Reports That Plymouth Ventures Raises $31.6M 1/16/14 Plymouth Ventures http://plymouthvc.com/ Toward Third Fund, Targeting $80M Ann Arbor, MI SV Life Sciences Plans to make three to five more investments 1/15/14 SV Life Sciences http://www.svlsa.com/ from fund five, will raise $525M Sixth Fund later in 2014 Boston, San Francisco, London CDH Investments, a Chinese PE/VC firm, is Raising $2.5B 5th 1/10/14 CDH Investments http://www.cdhfund.com/index.php?m=content&c=index&a=english_indexmulti-sector, multi-stage fund Hong Kong, Beijing Techrockies Reports that Boulder Ventures Is To Raise $100M 12/26/13 Boulder Ventures http://www.boulderventures.com/ Sixth Fund Boulder, CO Boston-based private equity firm Mansa Capital Management Raises $50M to invest in healthcare information technology (HCIT) and services companies that help to contain healthcare 12/21/13 Mansa Capital Management http://www.mansacapital.com/ costs and improve clinical outcomes Boston PE Firn Welsh, Carson, Anderson & Stowe Raising $3B 12th PE Welsh, Carson, Anderson & Fund for growth-oriented companies in the healthcare and 12/13/13 Stowe http://www.welshcarson.com/ information/business services industries New York 12/21/13 Economic Development Corp. http://www.nycedc.com/press-release/deputy-mayor-steel-and-nycedc-announce-two-new-initiatives-dramatically-grow-citysWSJ: New York City to Start $50M Venture Fund for Biotech New York Growth PE Firm Great Point Partners closes $215M health care 12/21/13 Great Point Partners http://www.gppfunds.com/ investment Fund II Greenwich, CT 12/13/13 Investor AB http://www.investorgrowthcapital.com/ Investor Growth Capital Ends Venture Investing New York Biomark Capital Forms $200M VC fund by Splitting Off from 12/3/13 Biomark Capital http://biomarkcapital.com/ Burrill Capital Greenwich, CT 12/3/13 5AM Venture Management http://5amventures.com/ 5AM Ventures Raises $250M Fourth Life Science Venture Fund Menlo Park CA, Boston MA Gilde Healthcare closes €145 million ($200 million) Utrecht, The Netherlands, 11/26/13 Gilde Healthcare http://www.gildehealthcare.com/ transatlantic growth capital fund Cambridge, MA Edmond de Rothschild Edmond de Rothschild Investment Partners Closes 4th €192M 11/4/13 Investment Partners http://www.edmond-de-rothschild.fr/En/edrip/Pages/default.aspxEuropean Life Science Fund Paris, France Palo Alto, CA, Boston, MA, Hercules Technology Growth Venture Debt Leader Hercules Technology Growth Capital Westminster, CO, McLean, VA, 11/4/13 Capital, Inc. http://www.htgc.com/ Continues to Expand Team with Three New Senior Hires New York, NY OrbiMed closes $735M Fund V focused on biopharmaceutical, New York, NY, San Francisco, medical device, and diagnostics companies located in North CA, Mumbai, India, Shanghai 11/1/13 OrbiMed http://www.orbimed.com/ America and Europe China, Herzliya, Israel NovaQuest Capital Management Raises $459M to fund NovaQuest Capital structured finance investments in late-stage clinical and 10/31/13 Management http://www.novaquest.com/ commercialized biopharmaceutical products Raleigh, NC 3x5 Special Opportunity Fund, L.P. begins investing a St. Louis and Portland-based, $80M fund (closed in early 2013) for 3x5 Special Opportunity Fund, direct investments in about six later-stage healthcare and 10/29/13 L.P. http://3x5fund.com/ clean-tech companies St. Louis and Portland According to Term Sheet, regulatory filing indicates that Menlo Park, CA, Newport Versant Ventures is Raising $250M fifth fund, down from prior Beach, CA, San Francisco, CA, 10/18/13 Versant Ventures http://www.versantventures.com/ $500M fund Basel, Switzerland Venture Capital Journal reports that Mohr Davidow Ventures will soon begin raising 10th fund at ~$300M, but is moving 10/11/13 Mohr Davidow Ventures http://www.mdv.com/ away from healthcare investing Menlo Park, CA VentureWire reports that Peter Thiels Mithril Capital Management closes $540M First Fund for late stage 10/11/13 Mithril Capital Management http://www.mithril.com/ investments in technology, clean energy and biotech San Francisco London, UK, Menlo Park, CA, 10/9/13 Abingworth Bioventures http://www.abingworth.com/ Abingworth Bioventures Raises GBP205.5M Sixth Fund Waltham, MA Singapore’s Bio*One Capital, the corporate investment arm of Singapore’s Economic Deve lopment Board (EDB), invests in life sciences firms that leverage on Singapore’s unique position as a regional hub in sustainable R&D , Manufacturing and business operations to re ach out to regional and global Singapore and San Francisco, 10/7/13 Bio*One Capital http://www.edbi.com/investment-themes.aspxmarkets CA Palo Alto, CA, New York, NY, The Woodlands, TX, 10/3/13 Essex Woodlands https://www.ewhv.com/ Essex Woodlands Seeks $750 Mln For Ninth Fund London,UK, Shanghai, China 10/1/13 Pitango http://www.pitango.com/ Israel's Pitango Venture Capital Raises $270M Seventh Fund Palo Alto, CA, Herzliy, Israel Frazier Healthcare Closes $377M Seventh Fund for growth buyout and venture capital to emerging healthcare service and 9/30/13 Frazier Healthcare http://www.frazierhealthcare.com/ biopharma companies Seattle, WA, Menlo Park, CA 9/29/13 Revolution Ventures http://revolution.com/revolution-venturesRevolution Ventures Closes $200 Million Fund Washington, DC Eastward Capital Partners Raises $36M of $100M (sixth) 9/27/13 Eastward Capital http://www.eastwardcp.com/ Venture Debt Fund Newton, MA

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Date VC/PE Website Headline Location With Demand for Venture Debt Approaching All-Time Highs, Palo Alto, CA, Boston, MA, Hercules Technology Growth Financing Pioneer and Leader Hercules Technology Growth Westminster, CO, McLean, VA, 9/25/13 Capital, Inc. http://www.htgc.com/ Capital Expands Operations New York, NY Rock Health Partners with AngelList To Help Fund Its V5 9/25/13 Rock Health http://rockhealth.com/ Graduate Class San Francisco, CA Global Health Investment Fund Launches with $94M to advance the development of medicines, vaccines, diagnostics and other life-saving technologies for diseases that 9/23/13 Global Health Investment Fund http://ghif.com/ disproportionately affect developing countries London BDC Venture Capital receives C$135M to invest in Canadian companies developing therapeutics, medical technology, 9/18/13 BDC Venture Capital http://www.bdc.ca/en/solutions/venture_capital/pages/venture_capital.aspx#.UlC0i45i6i0healthcare IT, diagnostics and healthcare services Montreal, Quebec Portugal Ventures expects to invest up to 20 million Euros per Oporto, Portugal, Lisbon, 9/17/13 Portugal Ventures http://www.portugalventures.pt/ year in its Ignition Programme Portugal Benu BioVentures to Finance Early Biopharmaceutical Clinical 9/16/13 Benu BioVentures http://www.benubio.com/bioventures.htmlDevelopment Boston Emergent Medical Partners Raises $37M of 2nd Fund ($50M 9/16/13 Emergent Medical Partners http://www.emvllp.com/ target) Portola Valley, CA 9/9/13 DRI Capital http://www.dricapital.com/ DRI Capital Raises U.S. $1.45 Billion for Drug Royalty III Toronto, ON StartX, Stanford University and Stanford Hospital & Clinics 9/8/13 Startx http://startx.stanford.edu/ announce $3.6M grant and venture fund Mountain View, CA French PE/VC firm Omnes Capital (formerly Crédit Agricole Private Equity) Continues to Invest From 2012-Vintage VC Paris, France, Lyon, France, Tel 9/5/13 Omnes Capital http://www.omnescapital.com/ Fund Aviv, Israel New York, NY, San Francisco, CA, Mumbai, India, Shanghai 8/19/13 OrbiMed http://www.orbimed.com/ OrbiMed Plans $300M Biotech VC fund in Asia China, Herzliya, Israel Sequoia Capital Raises More than $1V for (mostly tech) 8/15/13 Sequoia Capital http://www.sequoiacap.com/ Startups West Menlo Park, CA

SightLine Partners Closes Second $107M Fund, dedicated to 8/8/13 SightLine Partners http://www.sightlinepartners.com/ secondary direct investments in medical technology companies Minneapolis, MN White Plains, NY, Greenwich, Fifth Street Finance LLC/Fifth Fifth Street Management LLC Launches Venture Lending CT, Chicago, IL, Calabasas, CA, 8/6/13 Street Technology Partners http://www.fifthstreetfinance.com/ Business Palo Alto, CA, Irving, TX Aperture Venture Partners Raising Up to $100M for 3rd early- 8/5/13 Aperture Venture Partners http://www.aperturevp.com/ stage healthcare VC fund New York CincyTech Closes $10.9M third seed fund for companies focused on information technology and bioscience that are 8/1/13 CincyTech http://cincytechusa.com/ based in or willing to move to Southwest Ohio Cincinatti, OH Telegraph Hill Partners Raises $310M Fund for New 7/29/13 Telegraph Hill Partners http://www.thpartners.net/ Investments in Life Science and Healthcare Companies San Francisco, CA Termsheet reports that PE Firm QuestMark Partners is raising 7/12/13 QuestMark http://www.questm.com/ $250M 4th fund , MD 6/26/13 Allied Minds, Inc. http://www.alliedminds.com/ Allied Minds Raises $100M fund Boston, MA State of Connecticut Launches $200M Connecticut Innovations 6/24/13 Conneticut Innovations http://www.ctinnovations.com/ to Fund BioScience R&D In CT Rocky Hill, CT Kurma Life Sciences Partners Launches EU44M Kurma Biofund II), the first venture capital fund dedicated to financing innovation with a diversified strategy and significant exposure to rare diseases, sponsored by Idinvest Partners alongside 6/20/13 Kurma Life Sciences http://www.kls-partners.com/en/index.htmlCDC Entreprises (BPIfrance), GSK and NEA. Paris, France 6/20/13 Kurma Biofund II http://www.kls-partners.com/en/kurma-biofund2.phpGSK Links with French Venture Firm to Target Rare Diseases ** 6/20/13 BioStar Ventures http://www.biostarventures.com/ BioStar Ventures Is Raising $100M third fund Petoskey, MI Hyde Park VC Raises First $25M Fund for early-stage Midwest software-as-a-service or health care information technology 6/13/13 Hyde Park Venture Partners http://www.hydeparkvp.com/ companies Chicago, IL Austin-based S3 Ventures Launches $75M fund for software, 6/11/13 S3 Ventures http://www.s3vc.com/ tech and medical devices Austin, TX Term Sheet Reports that Long River Ventures is Raising $40M Amherst, MA, Boston, MA, 6/11/13 Long River Venetures http://www.longriverventures.com/ Third Fund Marlborough, MA RockHealth Launches 5th Class in Accelerator Program, 6/5/13 Rock Health http://rockhealth.com/ Announces New Partners and New Space San Francisco, CA PitchBook Reports Triathlon Medical Ventures Raising New 6/5/13 Triathlon Medical Ventures http://www.tmvp.com/ $150M fund Cincinnati, OH Atlas Ventures Announces Amgen & Novartis As Partners In 5/16/13 Atlas Ventures http://www.atlasventure.com/ Atlas IX Cambridge, MA Warburg Pincus raises $11.2 billion 11th PE fund to invest in 5/10/13 Warburg Pincus http://www.warburgpincus.com/ companies, including venture capital startups in healthcare New York Startup Healthfundr wants to bring equity to 5/9/13 Healthfundr http://www.healthfundr.com/ medical technology Boise ID, Dallas TX Fortune reports Former Three Arch and CHL Partners Form 5/6/13 Un-named health service firm http://finance.fortune.cnn.com/2013/05/06/three-arch-co-founder-forms-new-vc-firm/New VC Firm to Focus on Health Services Portola Valley‎, CA Healthcare Royalty Fund "Capital Royalty" Closes 2nd $800M 5/3/13 Capital Royalty http://www.capitalroyalty.com/ Fund Houston, TX Atlas Ventures Closes $265M Ninth fund focused on seed stage 5/1/13 Atlas Ventures http://www.atlasventure.com/ tech and life sciences Cambridge, MA VentureWire reports DRI Capital Set To Close 3rd Healthcare 4/25/13 DRI Capital http://www.dricapital.com/ royalties fund at $1BDRI Capital Toronto Term Sheet reports that Clarus Ventures is raising a Third Fund Cambridge, MA, South San 4/23/13 Clarus Ventures http://www.clarusventures.com/ at less that its 2007 $600M second fund Francisco, CA

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Date VC/PE Website Headline Location GSK to Provide Up To $465M to partner with Avalon Ventures Which Will Provide $30M to Form and Fund Up To 10 early- 4/23/13 Avalon Ventures http://www.avalon-ventures.com/ stage life science companies in San Diego La Jolla CA, Cambridge MA 4/16/13 Bain Capital http://www.baincapital.com/ Bain Capital closes $3B of $6B PE Fund Boston, MA Former top T. Rowe Price manager to launch Baltimore hedge 4/16/13 Rock Springs Capital http://rockspringscapital.com/ fund, Rock Spring Capital Baltimore, MD OMNES CAPITAL MANAGES A NEW FCPI FUND: CAPITAL Paris, France, Lyon, France, Tel 4/11/13 Omnes Capital http://www.omnescapital.com/ INVEST PME 201 Aviv, Israel 3/25/13 Third Rock Ventures http://www.thirdrockventures.com/ Third Rock Ventures Raises $516 Million Fund III Boston, MA $110M Partnership Fund for NYC Investing in Early Stage 3/20/13 Partnership Fund for NYC http://fund.pfnyc.org/ FinTech, Life Sciences, & More New York 3/15/13 Primus Capital Partners http://www.primuscapital.com/ PE Firm Primus Capital Partners Closes Seventh $353M Fund Cleveland, OH http://www.michiganbusiness.org/start- up/capital/#equity-funding http://www.investmichiganfund.com/gr $5M Michigan Venture Match Fund Launched; $180 million 3/14/13 Michigan Venture Match Fund owth/ Michigan Growth Partners II fund launched Lansing, MI 3/14/13 CMEA Capital http://www.cmea.com/ In Vivo Reports that CMEA Capital Will Not Raise Fund 8 San Francisco, CA Innovate UK Biomedical U.K. government's $270 million Biomedical Catalyst fund fund 3/14/13 Catalyst https://www.innovateuk.org/-/biomedical-catalysta further 51 businesses with a value of £47 .2 million Swindon, Wiltshire Domain Associates and Elite Consulting Form "Domain Elite" to establish new companies and joint ventures in China that will provide Western companies the financing, regulatory, medical, and marketing support and infrastructure needed to bring their PRINCETON, N.J., SAN DIEGO 3/14/13 Domain Elite http://meetdomainelite.com/ breakthrough products to China and BEIJING PEHub Reports that Oncology-Focused Arcus Ventures Closed 3/12/13 Arcus Ventures http://www.arcusventures.com/ $36M of up-to-$100M 2nd Fund New York Draper Triangle Raising $75M to $100M Third Venture Fund for IT, medical devices and advanced materials companies in Western Pennsylvania, Ohio, Michigan and other parts of the 3/1/13 Draper Triangle Ventures http://drapertriangle.com/ Midwest Pittsburgh, PA, Cleveland OH San Antonio-based Incyte Ventures and former Kinetic Concepts Inc. CEO Catherine Burzik Plan to Raise $50M for 2/20/13 Incyte Ventures http://www.mysanantonio.com/business/article/Former-KCI-leader-looks-to-help-startups-4295333.php#ixzz2M8NgrwpQSan Antonio Life Science Startups San Antonio, TX Lux Capital Closes $245M Third Fund focused on founding, seed and early stage investments in energy, technology and 2/13/13 Lux Capital http://www.luxcapital.com/ health care New York, Palo Alto 2/11/13 DW Healthcare Partners http://www.dwhp.com/ PE firm DW Healthcare Partners Closes 3rd $265M fund Toronto ON, Park City UT Foresite Capital Management Closes $100 Million Growth 2/3/13 Foresite Capital Management http://www.foresitecapital.com/ Capital Fund to Finance Late-Stage Healthcare Companies San Francisco New Scottish VC Rock Spring Ventures Raises $40M of $80M fund for early stage life science and health technology Edinburgh Scotland. Bethesda, 1/22/13 Rock Spring Ventures http://www.rockspringventures.com/ companies in Scotland and the rest of the U.K. MD 1/10/13 Sanderling Ventures http://www.sanderling.com/ GSK Puts $50M Into new Sanderling Ventures $250M Fund San Mateo, CA 1/8/13 Western Technology Venture Debt Firm Western Technology Investment Closes New Investment http://www.westerntech.com/ $375M Fund Portola Valley 1/3/13 Cooley LLP http://www.cooley.com/ Law Firm Cooley LLP Forms Startup Investment Fund Palo Alto, CA 1/3/13 Syncona Partners Wellcome Trust Starts $326 Million Syncona Partners Health http://www.synconapartners.com/ Investment Arm London, UK 12/17/12 CincyTech CincyTech Raises $6M CincyTech Fund III for Southwest Ohio information technology, bioscience and advanced http://cincytechusa.com/ manufacturing Cincinatti, OH 12/11/12 Sofinnova Partners Sofinnova Partners Announces The Successful Closing Of http://www.sofinnova.com/ Sofinnova Capital Vii At €240 M ($312 M) Paris, FR 12/7/12 IndiaVenture Advisors n/a Piramal Enterprises' Private Equity Fund IndiaVenture Advisors Plans $185M Fund Mumbai 12/1/12 Valence Life Sciences Caxton Associates spinout Valence Life Sciences (Boston) Closes First Third of $175M fund for privately-held and micro- http://valencefund.com/ cap public clinical development stage life sciences companies Boston 11/14/12 MC Healthcare Finance MC Healthcare Finance Launches Asset-based Lending Service http://www.mchfin.com/ for US Healthcare Companies La Jolla, CA 11/12/12 Highland Capital Partners http://www.hcp.com/ Highland Capital Partners To Begin Raising $400M Ninth Fund Cambridge, MA 11/11/12 Google Ventures Google Presents Google Ventures With $1.5B for Investments http://www.googleventures.com/ Through 2017 Mountain View, CA 11/10/12 Catalyst Health Ventures Catalyst Health Ventures Raises $33M of $60M Early Stage http://www.catalysthealthventures.com/Fund Braintree, MA 10/30/12 CDH Capital China-focused CDH Capital About to Close Third Fund At Hong Kong, Beijing, Shanghai, $300M Singapore, Shenzhen and http://www.cdhfund.com/ Jakarta 10/10/12 Longitude Capital Longitude Capital Closes Second Life Sciences Fund with http://www.longitudecapital.com/ $385M Menlo Park, CA 9/21/12 NSW Medical Devices Fund New South Wales (NSW) State Government has announced the establishment Australia’s first Medical Devices Fund with http://www0.health.nsw.gov.au/ohmr/mdf.aspA$8M First Year Funding Sydney, Australia 9/19/12 Wellington Partners Wellington Partners Holds First €70M Close on Fourth Life http://www.wellington-partners.com/ Sciences Fund Munich, Germany 9/13/12 Founder Collective Founder Collective Raises $70M Second Fund New York, NY and Cambridge http://foundercollective.com/ MA 9/1/12 Pitango Venture Capital http://www.pitango.com/ Israel's Pitango Venture Capital is Raising a Sixth Fund Herzliya, Israel 8/31/12 Avalon Ventures http://www.avalon-ventures.com/ Avalon Ventures raises $201M of new $220-250M tenth fund La Jolla, CA 8/29/12 InCube Ventures InCube Ventures, the Medical Device VC arm of InCube Labs, http://www.incubevc.com/ Raises $50M third fund San Jose CA

Copyright 2016 Jay Caplan 8 of 16 http://jaycaplan.com/ Fresh Money 2015-Q4 http://jaycaplan.com/

Date VC/PE Website Headline Location 8/25/12 Sequoia Capital Sequoia Capital Closes On $950M for Sequoia Capital U.S. http://www.sequoiacap.com/ Growth Fund V LP Menlo Park, CA 8/21/12 Alta Ventures Mexico Early Stage VC Alta Ventures Mexico Closes $70M First Fund Monterrey, Mexico and Lehi, http://www.altaventures.com/ Utah 8/8/12 Pelion Venture Partners http://www.pelionvp.com/ Pelion Venture Partners Raised $75+M of $127M Fund Target Salt Lake City, UT 8/9/12 Lux Capital Lux Capital Investing Out of Third (unannounced ~$200M) http://www.luxcapital.com/ Fund, Hires ex-Pfizer CEO Jeff Kindler New York 8/3/12 Burrill & Company Burrill & Company Announces Second Close of Burrill Capital Fund IV bringing the aggregate capital commitments to $505 http://www.burrillandco.com/ million San Francisco, CA 7/25/12 New Enterprise Associates New Enterprise Associates Raises $2.6 Billion Fund In Two Chevy Chase, MD and Menlo http://www.nea.com/ Months Park, CA 7/11/12 Edmond de Rothschild Edmond de Rothschild Investment Partners Raises €125m Investment Partners http://www.edmond-de-rothschild.fr/En/edrip/Pages/default.aspx($152M) BioDiscovery 4 Life Science fund Paris, France 7/7/12 BioStar Ventures VentureWire reports that BioStar Ventures Is Raising 3rd http://www.biostarventures.com/ MedTech Fund at $100M to $150M Petoskey, MI 7/5/12 Frazier Healthcare Ventures http://www.frazierhealthcare.com/ xconomy reports that Frazier is Raising A $400M Fund Seattle, WA 7/4/12 Pappas Ventures http://www.pappasventures.com/ Pappas Ventures Said To Be Raising $300M+ fund Durham, NC 6/22/11 W Fund Seattle-based W Fund Launches $20M fund to invest in start- ups spinning out of University of Washington and other http://www.thewfund.com/ Washington State research institutions Seattle, WA 6/22/11 River Cities Capital Funds Cincinnati-based Regionally-focused River Cities Capital Funds http://www.rccf.com/ Is raising a new $150M fund Cincinnati, OH 6/14/12 MassVentures MTDC adopts new name, MassVentures, and will parcel out http://mass-ventures.com/ $14 million in new grants and investments Boston, MA 6/5/12 Rainbow Medical Israeli "operative investment company" Rainbow Medical http://www.rainbowmd.com/ raising $50m investment fund Herzeliya Pituach, Israel 6/5/12 Heritage Healthcare Innovation Nashville-based Heritage Group Raises $157M Healthcare Fund http://heritagegroupusa.com/ Innovation Fund for technology-enabled healthcare services Nashville, TN 5/29/12 Life Science Ventures Montréal-based TVM Life Science Ventures VII Raises $150M from Teralys Capital, Eli Lilly, BDC Venture Capital, Fondaction http://www.tvm-capital.com/ and Advantus Capital Management Montréal, Canada 5/22/12 Versant Ventures Versant Ventures Raising Smaller (possibly $250M) Fifth Fund, http://www.versantventures.com/ Reports PE Hub Menlo Park, CA 5/26/12 Lumira Capital Ontario-focused Lumira Capital Raises New Funds from Ontario Venture Capital Fund, a joint initiative between the http://www.lumiracapital.com/ Government of Ontario and leading institutional investors Toronto, Canada 5/18/12 Kleiner Perkins Caufield & Kleiner Perkins Caufield & Byers Announces Closing of $525 Byers http://www.kpcb.com/ Million KPCB 15 Menlo Park, CA 5/14/12 Matrix Partners China Matrix Partners China has raised a new yuan-denominated http://www.matrixpartners.com.cn/ fund (~$47.5M) Beijing 5/9/12 New Enterprise Associates http://www.nea.com/ New Enterprise Associates Raises $2.1B NEA14 Chevy Chase, MD 4/5/12 SightLine Partners Minneapolis-based SightLine Partners, successor firm to Piper Jaffray Ventures, is trying to raise a new $100M fund for http://www.sightlinepartners.com/ medical devices Minneapolis, MN 4/30/12 HealthBox Healthbox To Launch Cambridge Accelerator With $50K For http://www.healthboxaccelerator.com/ Health Care Startups Chicago, IL 4/25/12 Montreux Equity Partners Montreux Equity Partners Is Raising $250M fifth life science http://www.montreuxequity.com/ fund Menlo Park, CA 4/24/12 OrbiMed OrbiMed Launches $222 Million Fund Focused on Israel Life http://www.orbimed.com/ Sciences New York, NY 4/18/12 Harbert Venture Partners Southeastern IT, life science VC firm Harbert Raises Half of http://www.harbert.net/venture-capital/$125M new fund Birmingham, Alabama 4/16/12 Skyline Ventures http://www.skylineventures.com/ Skyline Ventures Is Raising $250M Sixth Fund Palo Alto, CA 4/11/12 Biomedical Catalyst UK UK Government planning to launch Biomedical Catalyst, a £180m ($286M) fund designed to revive the country's biotech http://www.mrc.ac.uk/Ourresearch/ResearchInitiatives/Translationalresearch/index.htmindustry London, UK 4/10/12 H.I.G. BioVentures http://www.higbio.com/ H.I.G. BioVentures Closes $268 Million Life Sciences Fund Miami, FL 4/3/12 Earlybird Venture Capital Earlybird Venture Capital held $100M initial close of fourth fund, targeted at $200M, with focus on German speaking http://www.earlybird.com/ countries Hamburg, Munich, Berlin, Milan 3/20/12 Wellcome Trust Wellcome Trust to launch £200 million investment business for http://www.wellcome.ac.uk/News/Media-office/Press-releases/2012/WTVM054737.htmhealthcare and life sciences London, UK 3/30/12 Signal Peak Ventures VSpring, Signal Peak merge, and plan to raise fund in 2013 to http://www.signalpeakvc.com/ invest in companies Utah, Colorado, New Mexico and Arizona Salt Lake City, UT 3/26/12 Merck Lumira Biosciences Fund Merck announced $35M investment in the $50M Merck Lumira Biosciences Fund to support early stage life science innovation http://www.merck.com/licensing/news-and-events/Lumira-Biosciences-press-release.htmlin Québec Québec 3/26/12 WellTech Ellis Family's Jubilee Investments funds WellTech, a health- http://www.welltechfunding.com/ related services incubator New York, NY 3/19/12 Fidelity Growth Partners Asia Fidelity Plans $250M China Fund, will invest about half of the http://www.fidelitygrowthpartners.asia/ capital in healthcare firms Beijing 3/21/12 Index Ventures Index Ventures Launches New €150m Life Sciences Fund, with Investments from Two Leading Pharma Companies (GSK and http://www.indexventures.com/ J&J) alongside Existing Anchor Limited Partners London, UK 3/20/12 MMC Ventures http://www.mmcventures.com/ UK’s MMC Ventures launches second fund for young investors London, UK 3/15/12 Sofinnova Ventures Sofinnova Ventures Establishes Irish Presence with $25M from Enterprise Ireland and $12.5M from National Pensions Reserve http://www.sofinnova.com/ Fund 3/14/12 Wales Life Science Fund http://wales.gov.uk/about/cabinet/cabinetstatements/2012/lifesciences/?lang=enWelsh Government to Create £100M Welsh biotech fund Wales

Copyright 2016 Jay Caplan 9 of 16 http://jaycaplan.com/ Fresh Money 2015-Q4 http://jaycaplan.com/

Date VC/PE Website Headline Location 3/6/12 Rusnano Russian state technology firm Rusnano and Domain Associates To Co-invest $760M in about 20 US-based healthcare http://www.rusnano.com/ technology companies Moscow, Russia 3/1/12 Emergence Capital Partners Emergence Capital Raises $250M Third Tech Fund Including http://www.emcap.com Healthcare IT San Mateo, Calif 2/29/12 Edison Ventures Edison Ventures Raises $249M 7th Fund for Tech and http://www.edisonventure.com/ Healthcare IT Lawrenceville, NH 2/14/12 HBM Partners Swiss HBM Partners Raises EUR90M Toward Second BioCapital http://www.hbmpartners.com/ Fund (Targeted at EUR150M) Zugh, Switzerland 2/15/12 NEW Capital Management Madison Wi-focused NEW Capital Management Closes 2nd http://www.newcapitalfund.com/ Fund at $25M Appleton, WI 2/15/12 EDG Partners Private Equity Firm EDG Partners Closes Second Fund, Actively www.edgpartners.com Seeks Investment Opportunities in Healthcare Arlington, VA 2/7/12 Flybridge Capital Partners Flybridge Capital Partners Is Said to be Raising 4th fund at http://flybridge.com/ $200M Boston, MA 2/9/12 New Enterprise Associates New Enterprise: NEA Raising up to $2.5B for 14th Fund Menlo Park, CA; Chevy Chase, http://www.nea.com/ MD 2/5/12 Pittsburgh Life Sciences PLSG Accelerator Fund Announces its Final Close at $ 8.1 Greenhouse (PLSG) http://www.plsg.com/ Million Pittsburgh, PA 2/1/12 Bain Capital Ventures http://www.baincapital.com/ Bain Capital Ventures Closes New $660M fund Boston, MA 1/25/12 Versant Ventures Slimmed-down Versant Ventures Aiming For $250M In Next http://www.versantventures.com/ Fund Menlo Park, CA 1/25/12 Kreos Capital Venture Debt Firm Kreos Capital announces the first close of http://www.kreoscapital.com/ Kreos Capital IV with €120m ($160m) of commitments London 1/19/12 Frazier Healthcare Ventures Frazier Healthcare Prepares to Raise Seventh Biotech and http://www.frazierhealthcare.com/ Medtech Fund Seattle, WA 1/19/12 Brown Brothers Harriman & Co. PE Firm Brown Brothers Harriman Raises $517M Fund IV for http://www.bbh.com/ Diversified Investments New York, Boston 1/15/12 Lightstone Ventures Former ATV, Morgenthaler Life Science VCs Launching http://biodesignalumni.com/2012/02/14/mike-carusi-the-healthcare-vc-is-not-extinct/Lightstone Ventures Menlo Park CA 1/11/12 Flagship Ventures Cambridge's Flagship Ventures announces new $270 million http://www.flagshipventures.com/ fund focused on healthcare and sustainability Cambridge, MA 1/10/12 Canaan Partners http://www.canaan.com/ Canaan Partners closes $600 million fund, Canaan IX Menlo Park, CA 1/9/12 Hyde Park Venture Partners Early-stage midwest-focused Hyde Park Venture Partners http://www.hydeparkvp.com/ Launches to Fund tech and healthcare IT Chicago, IL 1/8/12 Scottish Equity Partners UK-Focused Scottish Equity Partners Raises 4th Fund at GBP http://www.sep.co.uk/ 200M (US$310) Glasgow, Scotland 1/8/12 Cowen Healthcare Royalty Cowen Healthcare Royalty Partners closed it second fund with Partners http://www.cowenroyalty.com/ roughly $1 billion Stamford, CT 1/4/12 Excel Venture Management Excel Venture Management Is Raising $150M Second Life http://www.emven.com/ Science Fund Boston, MA 1/4/12 Vivo Ventures Vivo Ventures Closes $375 Million 7th Fund to Invest in http://www.bioasia.com/ Healthcare in the U.S. (50-60%)and Greater China Palo Alto, CA 12/30/11 Sunstone Capital Life Science Danish VC Sunstone Capital Life Science Ventures raises €89 Ventures http://www.sunstonecapital.com/?#/people/life-sciencemillion for new investments Copenhagen 12/28/11 Sevin Rosen Venturewire reports that Sevin Rosen Plans To Raise Fund X http://www.srfunds.com/ with a closing by Q3 2012 Dallas, TX 12/28/11 Hyde Park Venture Partners Chicago-based Hyde Park Ventures Raises $13.5M of planned http://www.hydeparkvp.com/ $25M for midwest tech including healthcare IT Chicago, IL 12/20/11 Golden Seeds Fund Golden Seeds Closes on $26.5M for Second Venture Capital http://www.goldenseeds.com/ Fund for Companies Led by Women New York NY 12/19/11 Access BridgeGap Ventures Access BridgeGap Ventures to Deploy $75M on Early-Stage http://www.accessindustries.com/h_access-bridgegap.htmlTherapeutic Opportunities Over Next Few Years Cambridge, MA 12/7/11 Forbion Capital Partners Forbion Capital Raises $50 Million to Invest in Later Stage Naarden, Netherlands and http://www.forbion.com/ Health Companies Munich, Germany 12/6/11 W Fund New $25M W Fund to spin more startups out of research labs at the University of Washington, Washington State University, http://www.xconomy.com/seattle/2011/12/05/w-fund-nabs-5m-from-state-to-top-off-25m-investment-pool/and other WA research institutions. Seattle, WA 12/6/11 Qualcomm Life Inc. New $100 million Qualcomm Life Fund (part of Qualcomm http://qualcommlife.com/qualcomm-life-fundVentures) To Focus on Wireless health initiatives San Diego, CA 12/3/11 Founders Fund Founders Fund Seals $625M for Fourth Fund. Plans to Fund http://www.foundersfund.com/ Biotech San Francisco, CA 12/3/11 MergerTech Capital http://www.mergertechhealth.com/ MergerTech Advisors Launches $50M Fund San Ramon, CA 12/1/11 Revolution Growth Fund Steve Case, Ted Leonsis and Donn Davis Close $450 Million in Commitments for Revolution Growth Fund Focusing on Eastern http://www.revolution.com/revolution-growthUS Disruptive Companies Washiington DC 11/19/11 Lux Capital Management Lux Capital Management plans to raise up to $200M new fund focused on seed and early-stage investments in the life http://www.luxcapital.com/ sciences and energy industries New York, NY 11/15/11 WuXi PharmaTech Inc. Pharma Services Provider WuXi Launches $50M VC Fund http://www.wuxiapptec.com/ Primarily for Chinese Startups Shanghai 11/11/11 NeoMed NeoMed Plans First Closing For Fifth Health-Care Venture Fund Oslo Norway, Geneva http://www.neomed.net/ In Early 2012 Switzerland 11/11/11 GSK Canada Life Sciences GlaxoSmithKline Inc. Launches $50 Million Life Sciences Innovation Fund http://www.gsk.ca/english/html/innovation/summary.htmlInnovation Fund in Canada Mississauga, Ontario 11/9/11 General Catalyst Partners General Catalyst Partners Plans to Raise $500M Sixth Fund in http://www.generalcatalyst.com/ 2012 Cambridge, MA 11/8/11 Scale Venture Partners Scale Venture Partners Shuts Down Healthcare Investment http://www.xconomy.com/san-francisco/2011/11/08/scale-venture-partners-gives-up-on-healthcare-life-sciences-investing/Practice Menlo Park, CA 11/5/11 Kleiner Perkins Kleiner Perkins Raising $250M For 2nd Dollar-Denominated http://kpcb.com/ China Fund Menlo Park, CA

Copyright 2016 Jay Caplan 10 of 16 http://jaycaplan.com/ Fresh Money 2015-Q4 http://jaycaplan.com/

Date VC/PE Website Headline Location 10/31/11 ABS Capital Partners PE Firm ABS Capital Partners Closes Seventh Fund at $500 http://www.abscapital.com/ Million Baltimore, MD 10/31/11 no name yet New Healthcare VC to be created by combination of healthcare http://wp.me/pRvqL-6Hz teams from Morgenthaler and ATV Menlo Park, CA 11/1/11 EDG Partners EDG Partners LLC expects to close $150M to $200M first PE http://www.edgpartners.com/ fund by December 2011 Arlington, VA 10/17/11 Sofinnova Ventures www.sofinnova.com Sofinnova Ventures Raises $440M fund Menlo Park, CA 10/27/11 Accel Partners http://www.accel.com/ Accel Partners Raises $94M for Two Sidecar Funds Palo Alto, CA 10/20/11 BioCrossroads BioCrossroads Makes Last New Seed Investment From $6M http://www.biocrossroads.com/ Fund Indianapolis, IN 10/24/11 Intersouth Partners Intersouth To Raise Up To $250M Eighth Fund Eight In Mid http://www.intersouth.com/ 2012 Durham, NC 10/20/11 West Health Investment Fund West Health Investment Fund Formed with $100M from Gary http://www.westhealthfund.com/ and Mary West San Diego, CA 10/19/11 TriplePoint Capital Venture-debt (and Venture Capital) company TriplePoint http://www.triplepointcapital.com/ Capital Raises $1 Billion Menlo Park, CA 10/19/11 Atlantic VIC Atlantic Virtual Incubation Company, LLC Formed in Waltham http://www.atlanticvic.com/ MA Waltham, MA 10/11/11 Northern Light Venture Capital http://nlvc.com/En/ China-focused Northern Light VC Closes $400M Fund Hong Kong and Menlo Park, CA 10/11/11 Plymouth Venture Partners Plymouth Venture Partners Gets $120M investment from http://www.plymouthvc.com/ Venture Michigan Fund 2 Ann Arbor, MI 10/6/11 Prospect Venture Partners Prospect Venture Partners Releases Limited Partners from http://www.prospectventures.com/ Commitments to $150 million fund raised in 2010 Palo Alto, CA 10/3/11 Blueprint Health Health Care Accelerator / Seed Investor BluePrint Health http://www.blueprinthealth.org/ Launches In New York With $200K To Invest In 10 companies New York, NY 10/3/11 Bain Capital Venture Partners Bain Capital Ventures Lowers Carry On Planned 2010 $600M http://www.baincapitalventures.com/ Fund Boston, MA 9/30/11 The Psilos Group Psilos Group Is Raising $400M fourth VC Fund New York, Corte Madera, CA http://www.psilos.com/ and Santa Fe, NM 9/28/11 Sea Dragon Healthcare Sea Dragon Healthcare Partners Closes $15M of $150M Partners n/a Device, Diagnostics and Specialty Pharma Fund Stamford, CT 9/28/11 Cleveland Bio Fund PE firm Cleveland Bio Fund and Newsummit Pharmaceutical Group Form $100M for medical device startups looking to http://www.clevelandbiofund.com/ enter the Chinese market Cleveland, OH, Beijing 9/28/11 Menlo Ventures Menlo Ventures Raises $400M 11th fund, but healthcare is no http://www.menlovc.com/ longer in strategy Menlo Park, CA 9/28/11 Investor Growth Capital Investor Growth Capital Launches as an Independent Venture New York, Menlo Park, Beijing, http://www.investorab.com/en/InvestorGrowthCapital/Capital Firm with $300M of fresh capital and Stockholm 9/22/11 Frazier Healthcare Ventures Frazier Healthcare Ventures Focuses on Growth Equity Rather http://www.frazierhealthcare.com/ Than Early-Stage Seattle, WA 9/21/11 Lighthouse Capital Partners Lighthouse Capital Partners Raising $275M Seventh venture Menlo Park, CA; Cambridge, http://www.lcpartners.com/ debt fund MA 9/21/11 New Health Capital Partners n/a PE Firm New Health Capital Partners Closes $150M first fund New York, NY 9/19/11 Consonance Capital PE Firm Consonance Capital Partners is raising first $400M http://www.consonancecapital.com/ fund New York, NY 9/18/11 NaviMed Capital NaviMed Capital Launches in Washington DC with former http://navimed.com/ Highland and Carlyle Partners Washington, DC 9/15/11 Merck Research Venture Fund http://www.merck.com Merck starts new Merck Research Venture Fund with $250M Whitehouse Station, NJ 9/15/11 Longitude Capital Management Longitude Capital Management Closes $160M of Planned Menlo Park, CA and Greenwich, http://www.longitudecapital.com/ $375M Second Fund CT 9/15/11 Scottish Equity Partners Scottish Equity Partners Raises GBP185M Fourth Fund for Tech http://www.sep.co.uk/ and Healthcare Glasgow, London 9/9/11 Arboretum Ventures Arboretum Ventures Raises $140 Million for Third early-stage http://www.arboretumvc.com/ midwest-focused healthcare Fund Ann Arbor, MI 7/28/11 Baxter Ventures http://www.baxter.com/about_baxter/scientific_excellence/baxter_ventures/Baxer to create a $200M early-stage investment fund Deerfield, Ill 9/6/11 Health Enterprise Partners http://www.hepfund.com/ Health Enterprise Partners To Raise $150M Second Fund New York, NY 9/1/11 OrbiMed Advisors OrbiMed Advisors Raises $600M For First Health Care Royalties http://www.orbimed.com/ Fund New York, NY 8/4/11 WestBridge Capital India-based WestBridge Capital closes latest fund at $500M Mauritius, California and http://www.westbridgecap.com/ Bangalore 8/24/11 MentorTech Ventures MentorTech Ventures, UPenn-focused VC, raising $40M third http://www.mentortechventures.com/ fund Philadelphia, PA 8/22/11 Malaysian Biotechnology Corp Malaysian Biotechnology Corp Seeks Gov't Funds to Provide VC http://www.biotechcorp.com.my/Pages/Default.aspx?AudienceId=1funding to biotechs Kuala Lampur, Malaysia 8/19/11 SK Capital Partners PE Firm SK Capital Partners closes first institutional fund with New York, NY and Boca Raton, http://www.skcapitalpartners.com/ $500M FL 8/17/11 Hatteras Venture Partners Hatteras VP Makes Early Stage Investments From New Fund, http://www.hatterasvp.com/ At $74M and Expected to Close at $125M Research Triangle Park, NC 8/5/11 Kaiser Permanente Ventures http://www.kpventures.com/ Kaiser Permanente Grows Venture Fund to $170M Oakland, CA 8/4/11 Hopen Life Science Ventures Midwest-focused Hopen Life Science Ventures Fund II Reaches http://www.hopenls.com/ $25M First Close Grand Rapids, Mich 8/3/11 Avista Capital Partners PE Firm Avista Capital Is Raising $2 Bln Third Fund http://www.avistacap.com/ New York, Houston and London 7/27/11 Altos Health Management Altos Health Management Launches With Funding from (ex- http://altoshealth.com/ Three Arch) Founder, Plans to Raise $25M in 2011 Los Altos, CA 7/26/11 Versant Ventures Versant Ventures creates a pharmaceutical incubator called http://www.versantventures.com/ Inception Sciences Menlo Park, CA 7/26/11 Milestone Venture Partners Milestone Venture Partners Plans to raise $100M fourth fund http://www.milestonevp.com/ to invest in health care IT. New York, NY 7/20/11 Foresite Capital Management Ex Prospect VC Director Jim Tannenbaum begins raising 1st http://www.foresitecapitalmanagement.com/fund as Foresite Capital Management San Francisco, CA

Copyright 2016 Jay Caplan 11 of 16 http://jaycaplan.com/ Fresh Money 2015-Q4 http://jaycaplan.com/

Date VC/PE Website Headline Location 7/14/11 Polaris Venture Partners Polaris Venture Partners Announces First Investments From Its http://www.polarisventures.com/ Sixth $375M Fund Which Closed in 2010 Waltham, MA 4/29/11 Matrix Partners Matrix Partners Closes Matrix Partners China II at $350M and Waltham, MA; New York, NY; Matrix Partners India II at $300M Palo Alto, CA; Mumbai, India; and Beijing and Shanghai, http://www.matrixpartners.com/ China 7/13/11 Sequoia Capital Sequoia Capital is raising a new U.S. growth fund at approx $900M, and plans to hold a closing in the third or fourth http://www.sequoiacap.com/ quarter Menlo Park, CA 7/11/11 Industry Ventures Industry Ventures Closes $400M Secondary Fund, to provide liquidity alternatives for venture capital investors, prior to an http://www.industryventures.com/ M&A or IPO event San Francisco 7/11/11 Boston Millennia Partners Boston Millennia Partners has raised ~ $27M for its third health-care fund, -a small increase from what the fund had http://www.bostonmillenniapartners.com/collected a year ago Boston, MA 06/23/11 http://www.cincytechventures.com/ CincyTech Closes Fund II: $4.4M to invest in 10-12 seed stage CincyTech deals Cincinatti, OH 06/24/11 http://www.mutualcapitalpartners.com Mutual Capital Partners raises $16M of $25M for second Mutual Capital Partners / venture fund Cleveland OH 06/17/11 http://www.cmea.com/ CORRECTION TO PRIOR ENTRY: Eli Lilly not working with CMEA CMEA Capital for Venture Fund San Francisco 06/20/11 http://www.onset.com/ Onset Ventures has invested about half of the $205 million Onset Ventures sixth fund it closed in 2008 Menlo Park, CA 06/13/11 ATV Advanced Technology http://www.atvcapital.com/ ATV VIII, a $300 million fund, is just under 60% committed; Ventures Venture firm ATV slims down Boston; Palo Alto 06/09/11 BlueCross BlueShield http://www.bcbsvp.com/ BlueCross BlueShield Closes Second Health Venture Fund At Venture Partners $176M Chicago, Illinois 06/01/11 http://www.foley.com/news/news_deta Foley & Lardner Launches $4M Venture Capital Fund Foley Ventures il.aspx?newsid=4816 global? 05/26/11 Stage 2 Innovations http://www.stage2innovations.com/ Stage 2 Innovations Announces New $100 Million Fund Michigan 05/31/11 http://www.cvf.biz/ Cayuga Venture Fund Raises $14.1 million toward its latest Cayuga Venture Fund fund focused on companies in upstate New York Ithaca, NY 05/31/11 http://epicbv.com/ Epic BioVentures Raising $125M First Life Science Fund Atlanta, Minneapolis, Philadelphia, and Southern Epic BioVentures California 05/19/11 http://www.polarisventures.com/ Polaris Venture Partners has quietly closed its sixth fund with Polaris Venture Partners $375 million Boston 05/19/11 Qiming Ventures http://www.qimingventures.com Qiming Raises $450M Third Fund Shanghai 05/17/11 http://www.pitango.com/ Pitango Venture Capital Reportedly Looking to Round Up Pitango Venture Capital $350M Israel 05/16/11 http://www.elmvc.com Elm Street Ventures Raising $40M For Second Early-Stage Elm Street Ventures Fund New Haven, Connecticut 05/10/11 http://www.biogenerationventures.com BioGeneration Announces Closing of Euro30M BioGeneration BioGeneration Ventures Ventures II Naarden, The Netherlands 05/08/11 Longitude Capital http://www.longitudecapital.com Longitude Capital Plans $325M Second Fund (former Pequot Management Ventures partners) Menlo Park, CA 04/28/11 http://www.meritechcapital.com/ Late Stage Specialist Meritech Capital Raises $425M Fourth Meritech Capital Partners Fund Palo Alto, CA 04/14/11 Southwest Michigan First http://www.southwestmichiganfirst.co Southwest Michigan First (SWMF) Life Science Fund raises first (SWMF) Life Science Fund m/swmf_life_science_fund.cfm $15 million of $50M fund Kalamazoo, MI 04/14/11 http://www.atlasventure.com/ Atlas Venture, Monsanto Form Partnership to collaborate and explore investment opportunities in early-stage life science Atlas Venture companies. Cambridge, MA 04/07/11 OrbiMed Advisors http://www.orbimed.com/ OrbiMed Raises $203 Million for Israel Biomed Fund Israel 04/09/11 http://www.healthcap.se/ Swedish life sciences firm HealthCap is in the process of HealthCap raising a sixth fund, HealthCap VI LP Sweden 04/07/11 Houston Technology Future http://www.houstontech.org/ Houston Technology Future Fund proposes to raise $100 Fund million fund Houston, TX 04/06/11 n/a Red Abbey Venture Partners and NeuroVentures Capital create Druid BioVentures and aim to raise $150 million to $200 Druid BioVentures million to acquire early-stage compounds ? 04/01/11 http://www.summitpartners.com/ Summit Partners held a first closing of $420 million for Summit Partners Venture Capital Fund III LP, which is targeting $450 Summit Partners million Boston 04/01/11 http://www.bvp.com/ Bessemer Venture Partners Closes $1.6 Billion Fund Menlo Park, Boston, Israel, Bessemer Venture Partners Mumbai, New York 03/28/11 http://www.edmond-de- Edmond De Rothschild To Seek EUR180M For Fourth Health- Edmond de Rothschild rothschild.fr/En/edrip/Pages/default.as Care VC Fund Investment Partners px France 03/24/11 http://www.southwestmichiganfirst.co Southwest Michigan First Life Science Fund is close to Southwest Michigan First Life m/SWMF_Life_Science_Fund.cfm completing a $10M+ add-on round of financing to bolster its Science Fund original $50 million fund Kalamazoo, MI 03/24/11 http://ci.akron.oh.us/webdocs/newsrel Akron Ohio creates $15M local biomed seed fund Akron Development Corp. Seed eases/attachments/2011StateOfCity.ht Fund m Akron, OH 03/17/11 http://santeventures.com/ Sante Ventures Raises more than $91 million for its second Santé Ventures fund Austin, TX 03/17/11 http://www.biostarventures.com/ BioStar Ventures Targets Orthopedics With Second Medtech BioStar Ventures Fund Petoskey, MI

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Date VC/PE Website Headline Location 03/09/11 InCube Ventures http://incubevc.com InCube Ventures Raises $38.6M Toward Fund II San Jose, CA 03/08/11 Summit Partners http://www.summitpartners.com/ Summit Partners Raising $900M In Two New Funds Boston, MA 03/01/11 http://www.thujacapital.com/ Thuja Capital planning to raise between €40 million and €60 Thuja Capital million for its second fund Utrecht, Netherlands 02/28/11 http://www.osagepartners.com/partner Osage Partners raises $100 million venture fund Osage University Partners s.html Bala Cynwyd, PA 02/19/11 http://www.accel.com/ Accel Partners is raising a combined $2 billion for four separate Accel Partners funds this year Palo Alto, CA 02/15/11 ? Eli Lilly plans to raise up to $750 million through three funds; each fund will start with a $50 million investment from Lilly, Eli Lilly with further funding coming from venture capitalists. Indianapolis, IN 02/15/11 Tech Coast Angels http://www.techcoastangels.com/ Tech Coast Angels Hold First Close on Fund Irvine, CA 02/14/11 Sanderling Ventures http://www.sanderling.com/ Sanderling Ventures plans to raise a seventh fund San Mateo, CA 02/13/11 http://www.signethealthcarepartners.c Signet Healthcare Raises $129 Mln With Third Fund Signet Healthcare Partners om/ New York, NY 02/13/11 http://www.arboretumvc.com/ Arboretum Ventures has raised $70.2 million toward a new Arboretum Ventures $125 million fund Ann Arbor, MI 02/04/11 http://www.foundersfund.com Tech Investor Founders Fund Finding More Life Sciences Deals Founders Fund from $250M fund raised in July 2010 San Francisco, CA 02/01/11 http://www.ndimedical.com/ NDI Medical Raises $8M Neurodevice Fund with $2M Ohio NDI Healthcare Fund Grant Cleveland, OH 01/27/11 http://flatleyvc.com/ Flatley Venture Capital formed to Back New Cystic Fibrosis Flatley Venture Capital Treatments Charlestown, MA 01/12/11 http://www.oxbio.com/ Oxford Bioscience quietly held a $66 million first close on its sixth fund, which is targeting a total between $100 million and Oxford Bioscience Partners $150 million Boston, MA 01/10/11 http://www.avalon-ventures.com/ Avalon Ventures Closes Fund IX At $200M La Jolla, CA and Cambridge, Avalon Ventures MA 01/07/11 http://www.plsg.com/ Pittsburgh Life Sciences Greenhouse closed on $5 million for Pittsburgh Life Sciences its PLSG Accelerator Fund for life sciences companies located Greenhouse in western Pennsylvania Pittsburgh, PA 12/27/10 Longwood Founders Fund http://www.longwoodfund.com/ Longwood Launches First Fund at $85M Boston, MA 12/20/10 Burrage Capital Healthcare Hon Hai sets up U.S. venture capital fund Offshore Fund II http://www.foxconn.com/ China 12/16/10 VantagePoint Venture Partners VantagePoint is seeking to raise $1.5B for a late stage http://www.vpvp.com/ greentech fund San Bruno, CA 12/09/10 G Square Capital (Private G Square Capital closes $100M of €250 million debut Equity) http://www.gsquarecapital.com/ healthcare private equity fund Paris, France 12/07/10 Imperial Innovations Imperial Innovations (IVO.L) plans to raise 140 million pounds ($219.4 million) from shareholders to invest in companies that commercialise scientific innovations from Britain's top research http://www.imperialinnovations.co.uk/ universities. UK 11/29/10 SR One GSK announces New £50m UK venture capital fund to be http://www.srone.com/ established within its VC firm SR One Conshohoken, PA 11/24/10 Advent Venture Partners Advent Venture Partners Announces Final Close of First Life http://www.adventventures.com/ Sciences Venture Fund at $120M (£75M) London, UK 11/24/10 Chrysalis Ventures Chrysalis Ventures has invested more than $96 million of its http://www.chrysalisventures.com/ $175 million third fund, Chrysalis Ventures III LP Louisville, Kentucky 11/23/10 Edison Venture Fund Edison Venture Fund is in the midst of raising its seventh fund http://www.edisonventure.com/ with a $300 million target Lawrenceville, New Jersey 11/23/10 Norwest Venture Partners Norwest will begin to make health-care investments from its $1.2 billion 11th fund, NVP XI, which the firm raised last year (11/18/2009) and hires healthcare VC Ryan Harris from http://www.nvp.com/ Carlyle Group Mountain View, CA 11/17/10 Kleiner Perkins http://www.kpcb.com/ Kleiner Perkins filed to raise a new $650 million fund Menlo Park, CA and China 11/15/10 OpenView Venture Partners Tech VC OpenView Announces 2nd health care IT investment, http://www.openviewpartners.com/ and is looking at more. Boston, MA 11/15/10 Kenan-Flagler Private Equity UNC Kenan-Flagler’s student-run private equity fund held the Fund final close of KFBSF Private Equity Fund II LP on Oct. 15, with http://www.kfpefund.com/ $3.1 million in commitments Chapel Hill, North Carolina 11/05/10 Carnegie Venture Capital, MRCF, Southern Cross Venture Partners and Start-up Australia Australian Government’s Innovation Investment Fund Ventures http://www.innovation.gov.au/ Announces $160M+ funding of four new venture funds. Australia 11/02/10 Meritech Capital Partners Meritech Capital Partners is expected to close its latest fund http://www.meritechcapital.com/ slightly above its $400 million target Palo Alto, CA 11/01/10 Provident Healthcare Ventures Provident Healthcare Ventures Launches $25 Million Principals http://www.providenthv.com/ Fund for Healthcare Service Companies Boston, MA 10/22/10 Catalina Ventures Randall Lunn, who co-founded Palomar Ventures, told peHUB that Catalina Ventures LLC is leaning toward raising a $100 million technology and life sciences fund to focus on early and n/a late stage deals in Southern California Port Richey, FL 10/20/10 Kansas-based Open Prairie Ventures raises $30M, seeks investments in the convergence of agriculture and life science Open Prairie Ventures http://www.openprairie.com/ technologies in the US Midwest Effingham, Illinois 10/21/10 Morgenthaler Ventures Morgenthaler Considers Raising New Venture Fund With Health- http://www.morgenthaler.com/ Care Focus Menlo Park, Ca 10/13/10 Burrill & Co PE Hub: Burrill & Co., Infinity Group Form Life Science http://www.burrillandco.com/ Investment Joint Venture In China San Francisco, CA

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Date VC/PE Website Headline Location 10/08/10 MPM Capital MPM Capital Opens Midwest Office In Kansas City, Kan., especially for animal health, crop science and eventually clean http://www.mpmcapital.com/ energy Boston, CA, Kansas 10/04/10 Menlo Ventures VentureWire reports Menlo has lowered the target for its 11th fund to $400M, down from its $1.2B 10th fund. Although prior funds have invested in life sciences, this does not appear to be http://www.menloventures.com/ Menlo Park, CA in the firms current strategy. 10/01/10 Kleiner Perkins VentureWire reports Kleiner Perkins Caufield & Byers is raising http://www.kpcb.com/ a yuan-denominated fund to invest in Chinese companies Menlo Park, CA and China 09/30/10 Avalon Capital Avalon Still Raising Capital After Landing $161M for Ninth Fund http://www.avalon-ventures.com/ La Jolla, CA 09/30/10 D.E. Shaw PE Hub: D.E. Shaw’s VC Unit Will Continue to Do New Tech http://www.deshaw.com/ Deals, Get Out of Health Care New York Headquarters 09/29/10 Aescap Venture PEHub reports Hakan Goker has joined Aescap Venture, a Dutch venture firm focused on European medical companies, http://www.aescap.com/ as a principal Netherlands 09/24/10 Split Rock Partners VentureWire reports that Split Rock Co-Founder Allan Will http://www.splitrock.com/ Resigns for personal reasons Minneapolis and Silicon valley 09/23/10 Domain Associates Domain Associates beginning to invest in China, making first investment in Eddingpharm Inc., with Orbimed and Sequoia in Princetown, New Jersey and http://www.domainvc.com/ the syndicate. San Diego, CA 09/22/10 DFJ Mercury DFJ Mercury (Houston): Seed and early-stage firm invests mostly in Texas. Announced close of $70 million DFJ Mercury http://www.dfjmercury.com/ Fund II in late June 2010. Texas 09/22/10 Early Stage Partners Early Stage Partners (Cleveland-based, but opened Ann Arbor office in 2009): Invests in early-stage companies, primarily in Ohio and Michigan. March 2010 closed ESP Fund II at $55 Cleveland, Ohio and Ann Arbor, http://www.esplp.com/ million. Michigan 09/22/10 North Coast Technology North Coast Technology Investors (Ann Arbor and Midland): Investors Invests in Midwest startups, $100 million fund closed in mid- Ann Arbor and Midland, http://www.northcoastvc.com/ 2009. Michigan 09/22/10 TGap Ventures TGap Ventures (Kalamazoo): Primarily in the Midwest. Closed http://www.tgapventures.com/ current $26.3 million fund in June 2009. Kalamazoo, Michigan 09/20/10 TVM Capital VentureWire: TVM Capital disputes a report that the firm is http://www.tvm-capital.com/ downsizing its U.S. operations Boston, MA and Germany 09/13/10 Third Rock Third Rock Ventures Raises $426 Million Fund II San Francisco, CA and Boston, http://www.thirdrockventures.com/ MA 09/09/10 CMEA Capital Bloomberg News: CMEA Capital forming a partnership with Eli Lilly and Co. to raise a $250 million fund focused on drug http://www.cmea.com/ development San Francisco, CA 09/03/10 Forbion (Netherlands) http://www.forbion.com/ Dutch life sciences fund Forbion raises 190 mln euros Netherlands and Germany 09/03/10 Allos Ventures Allos Ventures Closes $25M Fund For Health Care. Tech Start- http://www.allosventures.com/ Ups Carmel, Indianapolis 09/02/10 Index Ventures Index Ventures Names Kevin Johnson A Partner in its Life http://www.indexventures.com/ Sciences Team UK, Switzerland and Jersey 08/25/10 Tullis Health Investors http://www.thi-funds.com/ Tullis raises $3.25M toward $25M fund. Stamford, Conneticut 08/21/10 HLM Venture Partners HLM closes $91.6 million for third health-care investment fund, Boston, MA and San Francisco, http://www.hlmvp.com/ according to a regulatory filing CA 08/18/10 Philips Philips provides anchor funding to $250M Gilde Healthcare III http://www.philips.com/ fund. Netherlands 08/18/10 Prospect Venture Partners Prospect Venture Partners secures $180 million toward fourth http://www.prospectventures.com/ health-care fund targeted at $250 million Palo Alto, CA 08/13/10 H.I.G. BioVentures H.I.G. BioVentures is raising $250 million for second life- Miami, Atlanta, Boston, New http://www.higventures.com/ sciences-only fund York, San Francisco 7/19/2010 DFJ http://www.dfj.com/ DFJ raises $350M for 10th fund Menlo Park, CA 7/19/2010 Avalon Ventures http://www.avalon-ventures.com/ Avalon has raised $118M towards 9th fund La Jolla, CA 7/16/2010 RoundTable Healthcare PE firm RoundTable Healthcare raises $800M in equity and Parnters http://www.roundtablehp.com/ debt funds Lake Forest, Illinois 7/8/2010 Linden LLC http://www.lindenllc.com/ PE firm Linden LLC raises $375M healthcare PE fund Chicago, Illinois 7/6/2010 DBL Investors http://www.dblinvestors.com/ DBL raises $91M of planned $150M 2nd fund, per VentureWire San Francisco, CA 7/6/2010 Venrock Venrock raises $350M sixth fund Palo Alto, CA, Cambridge, MA, http://www.venrock.com/ New York and Israel 6/30/2010 NeoMed Management http://www.neomed.net/ NeoMed is raising EUR100M fifth fund, per VentureWire Norway and Switzerland 6/29/2010 SV Life Sciences SV Life Sciences raises $523M fifth fund San Francisco, CA, Boston, MA, http://www.svlsa.com/ London 6/29/2010 NYU Innovation Venture Fund NYU announces plans to create $20M venture fund, which will http://www.nyu.edu/about/university-initiatives/entrepreneurship.htmlbegin investing in 2011 New York 6/24/2010 Longwood Founders Fund Longwood Founders Fund adds $23M, bringing total to $73M in n/a first fund Boston, MA 6/14/2010 Polaris Venture Partners Polaris raises $233M for sixth fund, targeted at $400M, per http://www.polarisventures.com/ regulatory filings Waltham, MA 6/11/2010 Orbimed Advisors Orbimed is raising $300M roylaty fund, which will acquire http://www.orbimed.com/ royalty interests in drugs or other life science products. New York, India, China 6/8/2010 Plymouth Venture Partners Great-Lakes-region-only VC Plymouth raises $15M second fund http://www.plymouthvc.com/ Ann Arbor, MI 6/9/2010 Qiming Ventures Shanghai-based Qiming Ventures raises CNY250M Healthcare http://www.qimingventures.com/ fund, per VentureWire China 6/2/2010 Flagship Ventures Flagship raises $20M towards targeted $300M life sciences and http://www.flagshipventures.com/ cleantech fund Cambridge, MA

Copyright 2016 Jay Caplan 14 of 16 http://jaycaplan.com/ Fresh Money 2015-Q4 http://jaycaplan.com/

Date VC/PE Website Headline Location 5/3/2010 Seneca Partners Middle-America-focused Seneca plans to raise $50M second http://www.senecapartners.com/ fund in 2010, per VentureWire Burmingham, Michigan 5/1/2010 Third Rock http://www.thirdrockventures.com/ Third Rock has first close on $400M second fund Boston, MA 4/29/2010 Nextech Ventures Zurich-based Nextech holds Eur26M first close on its third fund http://www.nextechventure.com/? Switzerland 4/28/2010 Healthcare Ventures http://www.hcven.com/ HealthCare Ventures is raising $250M ninth fund Cambridge, MA 4/8/2010 Cross Atlantic Partners http://www.crossatlanticpartners.com/ Cross Atlantic Partners is raising $100M healthcare fund New York, NY 2/13/2010 MPM BioVentures http://www.mpmcapital.com/ MPM Raises $140M for fifth life sciences fund Boston, CA, Kansas 2/9/2010 White Pine Medical Fund Dan LeMaitre and Essex Woodlands form $50M fund to do http://www.whitepinemedical.com/ medical device growth equity acquisitions Park City, Utah 2/8/2010 Bain Capital Ventures http://baincapitalventures.com/ Bain Capital Closes $525M fourth fund Boston, MA 2/3/2010 Minnesota Life Sciences Seed Triathlon Medical Ventures and Affinity Capital Announce Fund Collaboration in the Formation of the Minnesota Life Sciences n/a Seed Fund MN 1/26/2010 Soffinova Partners http://www.sofinnova.com/ Soffinova closes Eur260M sixth fund Menlo Park and San Diego, Ca 1/21/2010 Incyte Venture Partners n/a San-Antonio-Texas-area Incyte raises $11.2M first fund San Antonio, TX 1/19/2010 HLM Venture Partners HLM holds$65M first close of third fund, targeted at $200M, Boston, MA and San Francisco, http://www.hlmventurepartners.com/ per PE Hub Ca 1/13/2010 BioMed Partners Swiss BioMed Partners closes CHF106M second EU-focused http://www.biomedvc.com/ fund Switzerland 1/6/2010 New Enterprise Associates NEA closes $2.45B 13th fund, largest single fund since 2007, http://www.nea.com/ for information technology, energy technology and healthcare CA, MD, China, India 1/5/2010 Orbimed Advisors Orbimed raises $312M towards 4th healthcare fund, per http://www.orbimed.com/ regulatory filings New York, India, China 1/4/2010 Marquam Hill Capital Portland, OR-based Marquam Hill raises $5M of planned $25M http://www.marquamhillcapital.com/ fund Portland, OR 12/22/2009 Psilos Group http://www.psilos.com/ Psilos raising new fund with $450M target, per regulatory filing New York, CA, Santa Fe 12/9/2009 Gilde Healthcare Private Equity fund Gilde Healthcare is raising EUR50M for http://www.gildehealthcare.nl/ european growth equity fund Netherlands 12/7/2009 5am Ventures 5am Raises $200M third fund for life science companies Menlo Park, CA and Waltham, http://www.5amventures.com/ MA 11/19/2009 BioStar Ventures Physician-run BioStar raises $30M of $75M second medical http://www.biostarventures.com/ device fund Petoskey, MI 11/18/2009 Founder Collective Founder Collective Closes $40M first seed-stage fund Cambridge, MA and New York, http://foundercollective.com/ NY 11/12/2009 Highland Capital Highland Capital Closes $400M eighth fund, staying away from Lexington, MA, Silicon Valley, http://www.hcp.com/ medical devices CA, Switzerland, UK 11/4/2009 GE Healthcare Innovation Fund GE Healthcare plans to invest from $250M Healthcare http://www.healthymaginationfund.com/Innovation Fund in first half 2010 Milwaukee 11/2/2009 Greylock Greylock closes $575M 13th fund Menlo Park, CA, Cambridge, http://www.greylock.com/ MA, India, London 11/2/2009 Ballast Point Southeastern-US and Texas -focused Ballast Point raises http://www.ballastpointventures.com/ $140M of $150M-target 2nd fund St. Petersburg, FL 10/27/2009 Mission Bay Capital Fund Mission Bay Capital Fund raises $7.5M to fund University of http://missionbaycapital.com/ California biosenced entrepreneurs San Francisco, CA 10/7/2009 Mobius Life Sciences Fund http://mobiuslifesciences.com/ Nottingham-UK based Mobius launches seed fund Nottingham 10/6/2009 Cardinal Partners http://www.cardinalpartners.com/ Cardinal has raises $152M of $175M third fund Princetown, NJ 10/5/2009 Village Ventures Village Ventures Postpones fundraising for third fund, adds http://www.villageventures.com/ $40M to second fund Williamstown, MA and NY 9/28/2009 New Markets Venture Partners http://www.newmarketsvp.com/ New Markets Closes $21M second fund Fulton, MD 9/21/2009 Arch Venture Partners Arch opens small office in Cambridge, MA Seattle, Texas, Chicago, San http://www.archventure.com/ Francisco 8/28/2009 Helix Ventures http://www.helixventure.com/ Helix is targeting $150M raise for its first fund Palo Alto, CA 8/18/2009 Pelion Venture (fka UV UV closes $120M fourth fund Partners) http://pelionvp.com/ Salt Lake City, Utah 8/17/2009 EDF Ventures http://www.edfvc.com/ EDF closes on $4M of $15M healthcare fund, per venturewire Ann Arbor, MI 8/11/2009 Mohr Davidow Ventures MDV raises three annex funds (additionally cash for existing http://www.mdv.com/ funds) Menlo Park, Ca 8/11/2009 Domain Associates Domain Associates closes $500M eight fund Princetown, New Jersey and http://www.domainvc.com/ San Diego, CA 8/3/2009 Lilly Ventures http://www.lillyventures.com/ Lilly Ventures separates from Eli Lilly, closes $200M fund Indianapolis, IN 7/7/2009 Excel Venture Management http://www.excelvm.com/ Excel closes $125M first fund Boston, MA 6/30/2009 BB Biotech Ventures Swiss BB Biotech Ventures closes EUR67.5 million ($95 http://www.bbbiotechventures.com/en/ million) third fund Switzerland 6/26/2009 GRA Venture Fund Georgia-only GRA Venture Fund raises $18.75M, matches http://www.gra.org/ private investors at 3-1 Atlanta, Georgia 6/19/2009 Foundation Medical http://www.foundmed.com/ Foundation Medical raises $58.6M towards it 3rd fund Rowayton, CT 6/5/2009 NewSpring Capital NewSpring Capital is raising 2nd mezzanine fund with a $150M http://www.newspringcapital.com/ target Radnor, PA 5/18/2009 NGN Capital NGN Capital is rasing a 2nd healthcare venture fund New York, NY and Greenwich, http://www.ngncapital.com/ CT 5/7/2009 Triathlon Medical Ventures Triathlon Medical Ventures is raising a 2nd fund, target: $150M Cincinatti, Louisville, http://www.tmvp.com/ Indianapolis, St. Louis 4/13/2009 Dominus Capital Former members of Quad-C Management held $102.6M first http://www.dominuscap.com/ close on first fund, target $375M New York, NY 3/31/2009 Essex Woodlands Health Essex Woodlands raises $900M eighth fund Ventures http://www.essexwoodlands.com/ Palo Alto, CA 3/23/2009 Merck Serono Ventures http://www.merckserono.com/en/partnering/your_investment_request/your_investment_request.htmlMerck Serono Forms VC Group 3/13/2009 Pharma Capital Partners Pharma Capital Partners is raising $100 million for first fund, http://pharmacapitalpartners.com/ according to VentureWire Palo Alto, CA 3/11/2009 Pappas Ventures http://www.pappasventures.com/ Pappas Ventures closes $102M fourth fund Durham, NC

Copyright 2016 Jay Caplan 15 of 16 http://jaycaplan.com/ Fresh Money 2015-Q4 http://jaycaplan.com/

Date VC/PE Website Headline Location 3/3/2009 Index Ventures Swiss/UK-based Index Ventures closes EUR350 million ($440 http://www.indexventures.com/ million) sixth early-stage fund Switzerland, UK, Jersey 2/17/2009 Arboretum Ventures http://www.arboretumvc.com/ Arboretum Ventures closes $73M second fund Ann Arbor, MI 2/13/2009 Kleiner Perkins Kleiner Perkins adds additional funding to four recetn funds http://www.kpcb.com/ including their 13th fund which closed in 2008 Menlo Park, CA and China 2/5/2009 LaunchCapital LaunchCapital officially debuts its first seed-stage ($50K to Cambridge, MA, New Haven, http://www.launch-capital.com/ $150K) fund CT and San Francisco, CA 2/4/2009 Epic Ventures Epic Ventures secured about half of $150 million target fourth http://www.epicvc.com/ fund, per VentureWire Utah, Idaho, New Mexico 2/4/2009 Pinnacle Ventures Venture and venture-debt firm Pinnacle Ventures raises $107M http://www.pinnacleven.com/ towards 3rd debt fund, target $250M per regulatory filing Palo Alto, CA 1/16/2009 QureInvest AG HS LifeSciences, closes new CHF27.5 million ($24.5 million) http://www.hs-lifesciences.com/quIv.htmlfund, QureInvest AG to invest in start-up biotech companies Switzerland 1/13/2009 Tailwind Capital Private equity firm Tailwind Capital closes $775 Million first http://www.tailwind.com/ fund New York, NY 1/9/2009 Aisling Capital http://www.aislingcapital.com/ Aisling Capital Raises $650 Million for Third Fund New York, NY 1/6/2009 Carlyle Group PE firm Carlyle Group Closes Fund at $13.7 Billion. Within a New York, CA, North Carolina, broad PE portfolio, Carlyle does make some life science Washington DC, Spain, China, venture investments Egypt, Lebanon, UAE, Germany, Turkey, London, Luxemburg, India, France, Korea, Sweden, Australia, http://www.carlyle.com/ Japan

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