New parallel fund offers Qiming LPs more healthcare exposure
Chinese VC’s newest offering among three new funds totaling $3.2B
A $925 million parallel fund among Qiming’s $3.2 billion trio of new vehicles will give the firm’s LPs an opportunity to increase their exposure to its healthcare investments.
It’s a new structure for the firm, Qiming Venture Partners’ Nisa Leung told BioCentury, with the parallel fund investing in every healthcare deal that the $1.5 billion USD Fund VIII backs. The firm raised the fund in four months, Leung said, and together the parallel fund and the main fund are double the size of Fund VII. ...
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