PRINT THIS PAGE US firm DW Healthcare Partners closes inaugural fund on $88m15/10/2004. Source: AltAssets. 
 US venture group DW Healthcare Partners has closed its inaugural fund with commitments worth $88m. The group is based in Salt Lake City and plans to invest in companies in the medical device, product, services and specialty distribution sectors.
The four managing directors of the company invested $13m of their own money in the fund and further capital was raised from 14 institutions and 23 individuals.
The fundraising environment for venture capital funds in the US, both technology and life sciences, has improved significantly over the past 12 months. The recovery has been driven by established groups but the reduction in fund sizes has meant an increasing focus on new groups and so-called 'emerging managers'.
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