PE Firm Aisling Plots $400 Million Life Sciences Fund

Aisling Capital, a New York-based private equity firm focused on life sciences, is in market with its fourth fund, according to a document published on the Pennsylvania Public School Employees’ Retirement System’s website.

The fund target is $400 million with a $500 million hard cap. PSERS is committing $50 million.

This is a step down for Aisling, which announced in January 2009 that it had raised $650 million for its third fund.

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