PRINT THIS PAGE Cowen Healthcare Royalty Partners closes $500m fund21/07/2008. Source: AltAssets. 
US healthcare private equity firm Cowen Healthcare Royalty Partners has closed its inaugural fund, Cowen Healthcare Royalty Partners, on its hard cap of $500m, exceeding its initial target of $350m. CHRP was launched last January and is an affiliate of investment bank Cowen Group.
Cowen Group has made an anchor investment of $25m in the fund. Other investors include OMERS Capital Partners, Crestline Management, Nordea, Strategic Investment Group, New York Life Insurance Company and The Travelers Companies.
CHRP focuses on making investments of between $20m and $100m in healthcare products and companies, through a combination of buying passive royalties (in products that are to be commercialised), equity and debt.
To date, the fund has made two investments, totalling $80m.
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