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Foresite Closes $900m Fund VI As Financial Condition Rebound Begins

Fund V In 2020 Totaled $969m, Now Fully Invested

 
• By Mandy Jackson

Foresite Capital already has invested in multiple high-profile therapeutics firms with its sixth fund, including private Xaira, newly public CG Oncology, and Alumis, which is on the verge of an IPO.

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Foresite's Fund VI already has started making new investments • Source: Shutterstock

Foresite Capital has closed its sixth fund with $900m to back early- and late-stage, private and public companies, and managing director Michael Rome told Scrip he foresees ongoing opportunities to invest in health care, largely through companies involved in drug development, as financial conditions improve and it becomes easier for companies to go public.

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