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Westlake Village BioPartners on Tuesday announced two new funds totaling $500 million to invest in life science startups and construct lab facilities for them. The Westlake Village venture capital firm is working with Alexandria Real Estate Equities Inc. in Pasadena to build out laboratory and office space in Thousand Oaks for many of its portfolio startups. So far, Alexandria has finished 30,000 square feet of space as part of a 130,000-square-foot, three-building campus in Thousand Oaks, according to Alexandria Chief Executive Joel Marcus. The space currently houses five Westlake startups from its 2018 fund, and will take on two more companies financed by the firm’s latest rounds. ....