Money Makers Mentor

Frazier Closes $617M Life Sciences Fund, Frazier Life Sciences X

Frazier Healthcare Partners has closed a $617 million life sciences fund, creating abilities for new capital allocation and investment opportunities. Marking the third life sciences fund, Frazier Life Sciences X will invest 2/3rds of the fund into seed and series A rounds. 

The tenth fund is significantly bigger than its predecessor, which topped out at $419 million in 2017. However, Dan Estes, general partner at Frazier, expects the additional funding to have little effect on the investment approach. 

“It’s really an evolution of where we’ve been headed the past few funds. The larger fund should enable us to return to a 3-year cycle between fundraises, whereas the past two funds have been 2-year cycles. On the private side, we look to invest $30 million to $40 million per comp…

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