Healthcare-Focused Fundraising Download Data

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The Facts Healthcare-Focused Fundraising Download Data

Healthcare-Focused Fundraising

Allison Polchinski examines the healthcare-focused* fundraising arena, revealing that 2015 YTD has already seen $12bn secured, as it continues to be a prominent industry sector for private equity on a global scale.

Fig. 1: Healthcare-Focused Private Equity Fundraising, 2008 - Fig. 2: Private Equity Healthcare-Focused Capital Raised by 2015 YTD (As at 22 May 2015) Fund Type ($bn), 2008 - 2015 YTD (As at 22 May 2015)

100 92 90 Venture Capital 80 Buyout 69 70 65 65 No. of Funds 3.4 Growth 60 Closed 1.8 2.9 51 49 51 Mezzanine 50 39.5 Aggregate 7.7 40 Capital Raised 62.0 Fund of Funds ($bn) 28 14.4 30 16.7 Other 20 16.7 8.1 14.0 11.5 12.9 11.9 Venture (All Stages) 8.2 8.5 10.7 Aggregate Capital Raised ($bn) 10 Early Stage 0 2008 2009 2010 2011 2012 2013 2014 2015 Expansion/Late YTD Stage

Year of Final Close Source: Preqin Funds in Market Source: Preqin Funds in Market

Fig. 3: Proportion of Private Equity Healthcare-Focused Funds that Closed Below, On or Above Target, 2008 - 2015 YTD (As at 22 May 2015) Key Facts: 100% 11% 90% 27% 22% Number of healthcare-focused funds on the 36% 113535 80% 16% 41% road, seeking $24bn. 47% 52% 50% 70% 17% 21% Above Target 60% 11% 7% 50% Met Target North America-focused healthcare funds 19% 13% 40% 22% account for 71% of capital raised in 2015 YTD. 74% Below Target 30% 61% Proportion of Funds 52% 52% 54% 20% 35% 35% 28% 10% Venture capital funds account for 61% of all capital raised by healthcare-focused funds 0% $$7.2bn7.2bn closed in 2015 YTD. 2008 2009 2010 2011 2012 2013 2014 2015 YTD Year of Final Close Source: Preqin Funds in Market

Fig. 4: Five Largest Healthcare-Focused Funds Closed in 2015 YTD (As at 22 May 2015)

Final Size Fund Geographic Fund Firm Fund Type Industry Focus ($mn) Focus Technology, Pharmaceuticals, Healthcare, Communications, IT, Life Sciences, Internet, New Enterprise Associates New Enterprise Venture Capital 2,800 North America Semiconductors, Biomedical, Medical Devices, 15 Associates Medical Technologies, Clean Technology, IT Security, IT Infrastructure, Telecom Media Hillhouse Private Equity Hillhouse Capital Growth 2,000 Asia Healthcare Fund Management OrbiMed Royalty OrbiMed Advisors Mezzanine 924 North America Healthcare, Life Sciences, Intellectual Property Opportunities Fund II Vivo Capital Fund VIII Vivo Capital Venture Capital 750 North America Healthcare, Life Sciences Linden Capital Partners III Linden Buyout 750 North America Pharmaceuticals, Healthcare, Medical Devices Source: Preqin Funds in Market *Under Preqin’s classiﬁ cation a fund is deemed a healthcare-focused fund if it targets the following: biomedical, biotechnology, healthcare services, healthcare IT, life sciences, medical devices, medical instruments, medical technologies, pharmaceuticals and predictive medicine.