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Frazier Healthcare loses Bob More to Bill and Melinda Gates Foundation

13 Aug 2013

Robert More FrazierVenture capital firm Frazier Healthcare has lost general partner Robert More to the Bill and Melinda Gates Foundation after he was hired by the philanthropic body as head of venture investing.

More had been a GP at the firm since he joined the team in 2008 and was a member of its biopharma team.

His new role will see him focus on life sciences investment which tallies with the Gates Foundation’s drive for global health and development programmes.

More has almost two decades of experience in the life sciences investment sector, previously as a partner with Domain Associates.

He joined that firm in 1996 and became a partner four years later.

More has been involved in investments and sat on the boards of businesses including ESP Pharma, Proxima Therapeutics and Onux Medical.

He also serves as an advisory board member for Greenspring Associates, Okapi Ventures, the medical industry group of US venture capital lobby body NVCA and The Sulpizio Family Cardiovascular Center.

AltAssets revealed in May that Frazier Healthcare was nearing a final close for its first fund since the financial crisis after gathering more than $280m from LPs.

A total of 20 investors had committed to the $300m-targeting Frazier Healthcare VII according to a US securities filing at the time, which said the total collected including three per cent from the general partner.

The firm, which exclusively targets healthcare, medical device and biotechnology investments, last gathered capital in 2007 through its $600m sixth fund.

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