UK Government Fund cornerstones £75M Advent Life Sciences fund
This article was originally published in Scrip
Executive Summary
Advent Venture Partners has closed its first life sciences-focused venture capital fund at £75 million, with the UK Government's UK Future Technologies Fund investing £15 million in the round. Other limited partners in the fund wish to remain anonymous, Dr Shahzad Malik, General Partner, Advent Venture Partners, told Scrip. Dr Malik will co-manage the Advent Life Sciences fund with Advent General Partner Dr Raj Parekh.