May 17, 2021 (Boston) – Proskauer, a leading international law firm, today announced that it advised Perceptive Advisors, on the first and final closing of Perceptive Xontogeny Venture Fund II, LP (“PXV Fund II”) with $515 million in capital commitments in an oversubscribed fund.
The PXV Funds focus on early stage investments in the life sciences sector. The close of PXV Fund II more than triples assets under management to $725 million in less than two years since the closing of the inaugural PXV Fund I, which launched Perceptive’ s early-stage venture fund strategy.
The team included partner Howard Beber and associates Ryan Carpenter and Joseph Fielding (Private Funds), partner Jeremy Naylor and associate Kimberly Swiszcz (Tax); and senior counsel Adam Scoll (ERISA).
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