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Today: September 24, 2024
June 15, 2024
1 min read

JP Morgan’s fund closes $500M biotech financing for groundbreaking startups

TLDR:

  • J.P. Morgan’s private financing arm has closed an inaugural life sciences fund of more than $500 million to support private biotechs and build value for existing portfolio companies.
  • The fund, named “270 Life Sciences Private Capital Fund I,” will invest in biotechs across different stages, modalities, and therapeutic indications, with early investments in areas such as cardiometabolic disease, oncology, immunology, and genetic medicines.

J.P. Morgan’s Life Sciences Private Capital aims to mentor a new generation of biotech founders and executives as part of their growth investing strategy.

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