TLDR:
ARCH Venture Partners is raising $3 billion for a life sciences fund.
Summary:
Chicago-based firm, ARCH Venture Partners, has filed paperwork with the Securities and Exchange Commission to raise $3 billion for its 13th namesake fund. This comes after the firm raised a similar amount in its most recent fundraising effort in 2022.
ARCH Venture Partners is known as one of the top investors in the biotech ecosystem. The firm is focused on investing in life sciences and has yet to comment on its new fundraising efforts.