BioCentury
ARTICLE | Finance

From tools to targets: Dementia Discovery Fund’s approach to de-risking neurology investments

SV Health Investors’ Jonathan Behr on speeding development through precision strategies — and managing risk across a dementia-focused portfolio

June 3, 2025 11:26 PM UTC

In a challenging period for biotech’s specialist investors, the recent announcement that SV Health Investors’ Dementia Discovery Fund had closed a second fund stands out as a bright spot — especially given the historically perceived high risk of a dementia-focused strategy.

Heterogeneous patient populations, long development timelines, relatively poorly understood biology, lack of diagnostics and biomarkers, and few clinical success stories have long obscured the path forward for dementia drug development...

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