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Life science fund Frazier Healthcare VI closes on $600m29/11/2007. Source: AltAssets. 
 Seattle-based healthcare venture capital firm Frazier Healthcare Ventures has closed its sixth institutional fund, Frazier Healthcare VI, above its $550m target on $600m, the hard cap of the fund. There were no interim closings. The firm said it started fundraising in October this year.
The current fund's predecessor, Frazier Healthcare V, closed in 2005 on $475m, while Frazier Healthcare IV closed in 2001 on $404m.
Frazier Healthcare VI provides venture and growth equity capital to emerging healthcare companies. The fund focuses on the biopharma, medical devices and healthcare services segments and considers investments at all stages of company development.
The first investments from the new fund are expected to be made in Q1 2008.
Managing partner Alan Frazier said, 'We are gratified by the overwhelming support from our existing investors and from the select number of high quality investors added to our roster.'
The latest fund closing brings Frazier Healthcare's total capital under management to approximately $1.8bn.
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