Atlas Ventures Closes $283M Fund…
February 2, 2009 at 10:14 am EST | Tags: Private Equity & Venture Capital
Jeeees,
this is what happens when we leave for a few days. Atlas has gone and
raised a
decent
size fund of $283M. Limited partners/investors include Kisco
Management, The Kresge Foundation, Paul Capital, Franklin Park,
Industriens Pensionsforsikring A/S and Meketa Investment Group.
Though there was some shake-up with the IT people, there’s no word on what portion of the fund will be allocated to life sciences.
LabRats: get your agar and pipettes ready. CEOs: get your hair gel and sales pitches set!
Image from atlasventure
![[Loading...]](http://www.iguanabio.com/wp-content/themes/IguanaBio/images/ajax-loader.gif){kind=small}
It is clear that Atlas’ new fund will be more life science-oriented. The firm cut four tech partners (not two) and moved two tech partners to venture partner status, while adding a new life science partner. Look for Atlas’ new fund to be 50+% life science – going the way of Flagship….