Peter Kolchinsky (RA Capital)

RA Cap­i­tal kicks off third VC fund as Pe­ter Kolchin­sky and Ra­jeev Shah bank $880M

RA Cap­i­tal Man­age­ment, one of the pre­mier health­care in­vest­ment man­agers, is back with an­oth­er fund to shep­herd the next wave of life sci­ences in­no­va­tions.

RA closed its third “Nexus” fund at $880 mil­lion, the firm an­nounced Wednes­day morn­ing, as a means to sup­ple­ment its in­vest­ments in pri­vate com­pa­nies. Like the pre­vi­ous two Nexus funds, the goal of Nexus 3 will be to work in tan­dem with RA’s ever­green fund to in­vest in ther­a­peu­tics, di­ag­nos­tics and oth­er ar­eas in life sci­ences.

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