Her­cules vet launch­es a new life sci­ences lender with $400M to put in­to play

A long­time vet­er­an of the life sci­ences lend­ing world has just launched a new op­er­a­tion with an ini­tial $400 mil­lion to lend out to the in­dus­try.

Parag Shah — who helmed the life sci­ences team at Her­cules for more than 10 years, lend­ing out more than $2 bil­lion — is lead­ing the new group at K2 HealthVen­tures. Ac­cord­ing to his LinkedIn pro­file, Shah start­ed K2HV late last year with back­ing from L1 Health in the lead up to to­day’s an­nounce­ment.

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