PRINT THIS PAGE US-based CMEA Ventures closes $300m venture fund21/09/2004. Source: AltAssets. 
 US-based CMEA Ventures has announced the final closing of its sixth venture fund with $300m for investment in high technology and life sciences companies. The fund was originally targeting $250m.
CMEA Ventures VI will specifically focus on four investment sectors; semiconductors and high-performance electronics, enterprise productivity solutions and outsourcing services, efficient drug development and high-value pharmaceutical chemistry.
'At CMEA Ventures, we are passionate about our hands-on work with entrepreneurs to build companies within our target investment sectors,' said Tom Baruch, CMEA Ventures' founding general partner. 'We are pleased that our new investors and so many previous investors have endorsed our plans to carry on the CMEA tradition of proactive, early stage investing.'
New investors in CMEA Ventures VI include the Dow Employees Pension Plan, IMS Health, Ohio Public Employees Retirement System, Public Employees' Retirement Association of Colorado and State of Michigan Retirement Systems. Returning investors include ChevronTexaco and IBM.
CMEA Ventures was established in 1989 and invests in both early and late-stage companies in the high technology and life sciences sectors. The firm currently manages in excess of $750m.
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