Thursday, 28 May 2015
Last updated 3 hours ago
Aug 3 2007 | 12:03pm ET
Radford, Va.-based Third Security has closed its sixth and largest private equity fund, New River Management V, at $250 million. The fund will make investments in both public and private companies.
NRM V has already announced investments or commitments to invest in several companies, including Clinical Data, Cyntellect, Halozyme Therapeutics and Intrexon Corp.
“With this fund, we have expanded our base of limited partners as well as our ability to participate in the actualization of many promising new technologies,” Randal Kirk, CEO of Third Security, said. “By continuing to apply our exacting standards for investing and our hands-on management approach, we expect to achieve success for the fund’s investors and portfolio companies.”
Third Security was formed in 1999 and focuses on emerging through late-stage investments in life sciences and information technology.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…