Menlo Park-based 5AM Venture Management has promoted Kush Parmar to partner and hired Peter Kim as venture partner.
Parmar joined 5AM in 2010 from Harvard Medical School, Kim is a professor of biochemistry at Stanford University School of Medicine.
5AM managing partner Scott Rocklage said, “We’re delighted to recognize the many contributions Kush has made to the 5AM team.
“He has brought significant value to our firm with his extensive scientific understanding of medicine combined with his strong leadership skills and sound investment judgment.”
Fellow managing partner John Diekman added, “Peter Kim is a rare individual who has demonstrated life science leadership as an academic researcher and as a large pharmaceutical company executive.
“He has been a friend to 5AM for many years and we look forward to working more closely with Peter as we identify new investments for 5AM Ventures IV.”
5AM Ventures closed its fourth fund on $250m last month, making it the largest vehicle ever raised by the biotech-focused firm.
The new fund, which follows 5AM’s $200m third vehicle, will invest in early-stage life science companies. The firm gathered $65m for its 2002 debut and $150m for Fund II in 2006.
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