SR One–SEVERAL: investment, 202303 closing of SR One Fund II at $600m

	Period	2023-03-27
	Money taker	SR One Fund II (closing 3/23)
	Group	SR One (Group)
	Money source	SEVERAL
	Product	SR One Fund II (closing 3/23)
	Product 2	LIFE SCIENCES

SR One Capital Management. (3/27/23). "Press Release: SR One Closes Second Venture Fund at $600M". Redwood City, CA & London.

> Second venture fund since spin out from GSK brings SR One total under management to over $1.5 billion

> SR One will use this capital to continue supporting emerging biotechnology companies with the potential to translate innovative science into the next generation of novel medicines

SR One, a transatlantic life sciences investment firm, today announced the close of its second fund (“Fund II”) at over $600 million, substantially exceeding its target of $500 million. Fund II is the second fund since SR One spun out from GlaxoSmithKline (GSK) in 2020 to form a fully independent investment firm. The diverse investor base of existing and new limited partners includes endowments, foundations, pharmaceutical companies, pension funds, sovereign wealth funds, and family o?ces.

“We received an incredible response to the fund and are grateful to our limited partners for their continued support and confidence in our team,” said Simeon George, MD, Co- Founder and Chief Executive O?cer, SR One. “SR One's model is built upon active collaboration and our ability to roll up our sleeves and help build value through multiple inflection points. We seek to partner with entrepreneurs building elite biotechnology companies, and we look forward to the potential development of new medicines for patients that Fund II may help bring to the market.”

With Fund II, SR One will continue to invest in biotechnology companies that have the potential to address significant gaps in the current treatment landscape. SR One’s investment strategy focuses on providing financial and direct operational support to help its portfolio companies advance programs through value-generating inflection points.

“We have built a team of seasoned investors and venture partners who I believe are well positioned to continue SR One’s history of productive investment,” said Rajeev Dadoo, PhD, Managing Partner, SR One. “With Fund II, we hope to continue to apply our tried and tested partnership model in an e?ort to benefit the companies in which we invest and, ultimately, the patients and families that they serve.”

Kirkland & Ellis acted as counsel to SR One for the fundraise.

About SR One

SR One is a transatlantic biotechnology venture capital firm, headquartered in the San Francisco Bay Area, that collaborates with entrepreneurs and investment partners in an e?ort to build elite biotechnology companies. The Company’s mission is to translate innovative technologies and scientific discoveries into next-generation medicines with the potential to benefit patients with significant unmet medical needs. SR One leadership has worked together to build and invest in biotechnology companies for more than a decade. Working alongside the investment team, SR One’s venture partners bring deep operational experience to help company creation initiatives and support portfolio companies with financing and corporate strategies. Since the spin out from GSK in 2020, SR One has raised over $1 billion and founded and/or invested in over 20 companies. SR One has o?ces in Redwood City, CA, and Philadelphia, PA, in the US and London in the UK. For more information, connect at www.srone.com.

Contacts

Media

Christy Curran
Sam Brown Inc.
christycurran@sambrown.com
C: + 615-414-8668