March 31, 2021 Distressed investment specialist Cerberus Capital Management has hit a $2.8bn final close for its latest flagship opportunistic real estate fund.
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Lilly Asia Ventures leads $90m Series B in clinical-stage biotech firm Regor
February 19, 2021
Regor Therapeutics, a clinical-stage biotech company with operations in China and the US, has secured $90 million in a Series B round of financing led by the biomedical venture capital (VC) firm Lilly Asia Ventures (LAV).
The new round saw participation from investors including China-focused private equity (PE) firm Loyal Valley Capital (LVC); cross-border, pharmaceutical-focused PE Lanting Capital (LVC); TF Capital, which primarily invests in early-stage life sciences startups; and Vertex Ventures China.
Chinese drug maker Qilu Pharmaceutical Group had backed Regor’s Series A round.
Founded in July 2018, Regor specialises in the discovery and delivery of clinically differentiated, best- and first-in-class drugs for patients globally to treat cancer, immune disorders, and metabolic diseases.
Los Angeles County Employees allocates $390 million to 5 funds
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Los Angeles County Employees Retirement Association, Pasadena, Calif., committed a total of $390 million to five alternative investment funds, according to an executive session report on the $65.4 billion pension fund s website.
LACERA s board of investment at its Jan. 13 meeting approved commitments of up to $100 million total to venture capital funds LAV Fund VI and LAV Fund VI Opportunities, both managed by
Lilly Asia Ventures.
The board also approved commitments of up to $100 million each to Grain Communications Opportunity Fund III, a telecommunications infrastructure fund managed by
Grain Management; and buyout fund
Novacap TMT VI; and up to €75 million ($90 million) to
Los Angeles County Employees puts $530 million in 3 alts strategies
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Los Angeles County Employees Retirement Association, Pasadena, Calif., invested a total of $530 million in three alternative investment strategies, according to an executive session report on the $65.4 billion pension fund s website.
The board approved a $250 million investment, with a $200 million initial allocation, in Caxton Global Investments, a discretionary global macro hedge fund. The report said the hedge fund managed by
Caxton Associates has a track record of low correlations to equity and credit markets and strong downside protection.
Separately, LACERA invested $250 million in Brevan Howard Master Fund, a discretionary global macro fund focusing on directional and relative value trading strategies managed by hedge fund manager