Wednesday, January 4, 2017

CRG Raises $1.25M Healthcare Investment Fund

Houston-based healthcare investor CRG announced this morning that it has raised a new, $1.25M healthcare investment fund, CRG Partners III L.P., raising its assets under management to more than $3 billion. According to CRG, the fund exceeded its original target by 25 percent. CRG said the funding came from global institutional investors across North America, the Middle East, Europe and Asia. The firm said that its Fund III will be targeted at investments of $20 million and $300 million in public and private commercial-stage healthcare companies. The company provides that capital via structured debt and senior secured loans, versus more traditional equity investments.