biospectrumasiaJuly 20, 2017
Tag: fund , C-Bridge Capital
Courtesy- Pixabay
C-Bridge Capital, a Chinese private equity firm targeting the healthcare sector, has closed its second fund, C-Bridge Healthcare Fund II at its hard cap of $400 million.
The latest fund as well as its first fund, which was closed at a $200 million cap in 2014, are focusing on late stage companies in the fields of bio-technology, pharmaceuticals, medical devices and health care.
The fund is keen on investing in the treatment of Hepatitis B and lung cancer, due to the growing number of smokers and pollution levels in China.
Since the first quarter this year, C-Bridge has teamed up with Tianjin-based Tasly Holding Group to invest $150 million in drug developer Tianzhenshi Biotechnology Company.
It also led a $100-million funding round in pharmaceutical startup Ascletis as well as invested $25 million in medical equipment producer Anrei Medical (Hangzhou) Co Ltd.
C-Bridge Capital has separately set up I-Bridge Capital, a $100-million venture capital fund, to invest in Chinese startups in pharmaceutical, biotech and healthcare services.
In August last year, I-Bridge teamed up with Israeli biopharma firm BioLineRX Ltd to launch a new medical developer in China.
C-Bridge currently has around $700 million in assets under management. It has more than 20 team members at offices in Shanghai, Beijing, Boston and San Diego.
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