Eli Lil­ly part­ner TVM Cap­i­tal rais­es $478M for their new life sci­ences fund, a 'sub­stan­tial' over­sub­scrip­tion

A Ger­man-Cana­di­an VC fund and high-pro­file Eli Lil­ly part­ner has near­ly half a bil­lion dol­lars in new cash to play with.

TVM Cap­i­tal Life Sci­ence, based out of Mu­nich and Mon­tre­al, an­nounced the clos­ing of its sec­ond and lat­est fund Tues­day with $478 mil­lion in hand. That to­tal rep­re­sents a “sub­stan­tial” over­sub­scrip­tion, man­ag­ing part­ner Ste­fan Fis­ch­er said, and a good 36.5% more than the $350 mil­lion ini­tial­ly ex­pect­ed.

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