Cowen Healthcare Royalty Partners and Cowen Group have closed their first healthcare buyout fund with capital commitments in excess of $500 million.
Cowen Healthcare Royalty Partners will invest in commercial and near-commercial stage healthcare products and companies worldwide, targeting investments of between $20 million and $100 million across a diversified portfolio of products and therapeutic areas.
In addition to an anchor commitment from the Cowen Group, the fund's limited partners include public and corporate pension funds, financial institutions, insurance companies, funds of funds and university endowments.
The Cowen Group, through its operating subsidiaries, provides investment banking, equity research, sales and trading, asset management and alternative asset management services.
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