The venture capital giant General Catalyst has raised an $8 billion fund with $750 million set aside for health care investments as its acquisition of an Ohio safety net hospital undergoes regulatory review. Fund XII consists of $4.5 billion for funds dedicated to seed and growth equity, $1.5 billion for creating new companies, and $2 billion of “separately managed accounts,” the firm said. It did not immediately clarify how the $750 million in health care funds would be distributed between investment and creation.
Read the full article: General Catalyst Raises $8B, with $750M for Health Care Bets //
Source: https://www.statnews.com/2024/10/24/general-catalyst-health-care-venture-fund-750-million-raise/