Third Security Raises Sixth Private Equity Fund

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.

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