Pe­ter Kolchin­sky and Raj Shah's RA Cap­i­tal has $461M more to play with, af­ter 'rapid' in­vest­ment in the last 15 months

Just over 15 months af­ter launch­ing its first ven­ture fund, RA Cap­i­tal Man­age­ment is ready for more. And this time the firm is bring­ing an even big­ger load of cash to the ta­ble.

An­nounc­ing the close of its Nexus II fund on Wednes­day, RA said it raised $461 mil­lion for in­vest­ments in pri­vate com­pa­nies across the biotech in­dus­try. The first ven­ture fund, which raised $300 mil­lion, has churned through rough­ly 80% of its cap­i­tal al­ready, a pace that man­ag­ing part­ner Raj Shah called un­usu­al­ly quick.

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