Clarus Ventures raises more than $200m for third fund

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clarusLife sciences-focused venture firm Clarus Ventures has hit the $200m mark for its $375m-targeting third fund, according to a document filed with US securities regulators.

Clarus Lifesciences III has been backed by 16 LPs, which have committed $234.2m, the filing showed.

Dubai-based Magog & Cie Limited is acting as a placement agent for the vehicle.

In January this year AltAssets reported that Clarus had launched its third fund, which at that time did not have any cast-iron commitments.

Since its launch in 2005 the Boston and San Francisco-based firm has raised $1.2bn across two funds and invested in more than 40 private and public companies in the biotechnology, medical device, and diagnostic sectors.

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