Cowen Healthcare Investments (“CHI”), a private healthcare investment strategy within the investment management division of Cowen Inc. (NASDAQ:COWN), announced Tuesday that it has successfully completed fundraising for Cowen Healthcare Investments III LP (“CHI III” or the “Fund”) with $493 million, $93 million above the Fund’s original target. CHI received commitments from existing and new investors, including institutional investors, family offices, and high net worth individuals. Led by Kevin Raidy, Tim Anderson, and Robert Sine, CHI was founded in 2012 to support innovation in the healthcare sector, with a particular focus on biopharma, diagnostics and digital health. CHI focuses its investment activity on established companies with outstanding management teams and disruptive approaches to disease that address significant unfulfilled medical needs. Since 2012 the team has invested in 38 private healthcare companies.
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Source: https://www.globenewswire.com/news-release/2020/05/19/2035546/0/en/Cowen-Healthcare-Investments-Successfully-Raises-493-Million-For-Third-Fund.html