Per­cep­tive's third cred­it fund has $1.1B in 'in­cre­men­tal cap­i­tal' for grow­ing biotech and health­care com­pa­nies

Two years af­ter wrap­ping its sec­ond Cred­it Op­por­tu­ni­ties Fund with $675 mil­lion, long­time VC Per­cep­tive Ad­vi­sors hit the hard cap on its third — rais­ing $1.1 bil­lion to pump in­to biotech and health­care.

The firm ini­tial­ly set out to raise $750 mil­lion, ac­cord­ing to Sam Chawla, port­fo­lio man­ag­er of Per­cep­tive’s Cred­it Op­por­tu­ni­ty Funds (PCOF). With the larg­er raise, Chawla ex­pects Per­cep­tive to make 20 in­vest­ments, in­clud­ing 9 that have al­ready been giv­en out to com­pa­nies like C4 Ther­a­peu­tics and Pear Ther­a­peu­tics.

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