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OrbiMed raises $4.3 bn for seed, growth bets

Mint Mumbai

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October 26, 2023

Corpus to invest in healthcare, life sciences companies worldwide

- Aman Rawat

OrbiMed raises $4.3 bn for seed, growth bets

Healthcare-focussed private equity firm OrbiMed, a backer of reproductive diagnostic solutions provider LifeCell and ayurvedic products brand Kapiva, has raised $4.3 billion to invest in healthcare and life sciences companies.

OrbiMed has raised the total corpus across three separate funds-OrbiMed Private Investments IX, OrbiMed Asia Partners V and OrbiMed Royalty & Credit Opportunities IV.

Investors in these new funds include a broad range of medical institutions, university endowments, foundations, pension funds, sovereign wealth funds and family offices, OrbiMed said in a statement.

"OrbiMed is deeply appreciative of the continued support we've received from many long-standing partners who've invested in these funds," said Carter Neild, managing partner at OrbiMed.

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