Hunt­ing for ear­ly-stage life sci­ences bets, Part­ners Health­care clos­es $171M for ven­ture fund

Boston-based hos­pi­tal sys­tem Part­ners Health­care has closed $171.1 mil­lion to add to its ven­ture funds with plans to in­vest in ear­ly-stage life sci­ence com­pa­nies.

The cash will be spread be­tween two funds: $66.1 mil­lion for Part­ners In­no­va­tion Fund II and a $105 mil­lion com­mit­ment from Part­ners in­sti­tu­tions for the Part­ners In­no­va­tion Fund. The com­mit­ments come from The Brigham and Women’s Hos­pi­tal and Mass­a­chu­setts Gen­er­al Hos­pi­tal.

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