Health care hedge fund Perceptive Advisors has actually held a last close for its Perceptive Credit Opportunities Fund, raising $323 million for financial investments in private credit deals with healthcare companies. The fundraise surpassed Perceptive’s $300 million target and attracted support from endowments, household workplaces, and institutional investors, according to the business.

The new fund is concentrated on providing tailored financial obligation financing options to ingenious healthcare companies throughout all phases and subsectors, consisting of biopharma, medical devices, diagnostics, life science research and health care information innovation. Target financial investment size is $10-$50 million per deal. We are actually delightedenjoyed have this new financial investment fund dedicated to supplying personal credit to healthcare companies to sustain innovation and assistance development, said Joseph Edelman, founder and CEO of Perceptive Advisors, in the statement.

Founded in 1999 by Edelman, previously a widely known sell-side biotechnology analyst, New York-based Perceptive Advisors focuses on opportunities in the life sciences market. The firm handles around $2 billion in both public and personal investments.