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PRINT THIS PAGE Longitude closes inaugural life sciences fund on $325m09/07/2008. Source: AltAssets. 
Life sciences venture capital firm Longitude Capital has closed its Longitude Venture Partners fund on $325m, exceeding its target of $250m. Patrick Enright, Longitude co-founder and managing director, said, 'In addition to traditional venture capital investments, we will also pursue special situations including PIPEs, recaps and spin-outs. Our research-intensive approach often leads us into areas that are contrarian, undercapitalised or otherwise out of favour.'
Longitude has offices in Menlo Park, California and Greenwich, Connecticut. It specialises in investments in medical devices, biotechnology and pharmaceutical development.
Longitude was formed following the team's spin-out from Pequot Capital.
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