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.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...