French private equity firm Seventure Partners has raised more than half of its new fund, which is targeting €120m.
Health for Life Capital has held a first close of €62m, the firm said in a statement. The fund will invest in microbiome and nutrition focused businesses based in North America and Asia.
Seventure added that the Health For Life Capital has been approached by a number of pharmaceutical labs, diagnostics and ingredient companies as well as financial investors and it is expecting to hold new closings in the coming months.
Seventure CEO Isabelle de Cremoux said, “We are proud to be trusted in by prestigious industry champions as Danone, Tereos and Tornier.
“In addition, the close cooperation we have established, will boost the financial performance of the fund Health For Life Capital.
“We also have attracted family offices and financial investors like Natixis and Unigrains.”
In June last year Seventure led an $8.5m Series A round for development-stage medical device company Middle Peak Medical.
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