OrbiMed Raising $500 Million for Asia Healthcare Fund

by Richard Daverman, PhD

February 27, 2013 -- OrbiMed Advisors is raising $500 million for its second Asia healthcare private equity fund, which will be invested mainly in China and India. That’s up from $300 million rumored as recently as last fall. The company expects to close Asia Partners II later this year, just about the time it will have its $188 million Asia Partners I fund fully invested. OrbiMed, headquartered in the US, specializes in healthcare investments around the globe. More details....