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Forbion Sees First Close Of New Biotech Fund At €270M In Record Time

 
• By Mike Ward

With its 2015 third fund Forbion Capital III yielding an internal rate of about 65% and already returning 60% of the money it drew down back to investors, it is probably no surprise that Forbion exceeded its €250M target for its predominantly Europe-focused Forbion IV fund within two months of marketing.

Euro currency

With three exits and a looming IPO from its third fund generating an IRR of 65% and investors already getting back 60% of the money they committed in 2015, Forbion, the European life sciences venture capital firm, found raising money for its new life sciences fund Forbion IV much less stressful than in the past. Having exceeded its original €250m target in just over two months, the European life sciences VC has announced a first close at €270m and thinks a final close in the autumn of 2018 of €350m might be achievable.

“We formally started fundraising for the fourth fund just a couple of months ago and were surprised by the inbound interest from existing investors

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