Utimco contributed to the fifth fund of Wellington Partners, which aims to back 15 to 20 life science businesses based in German-speaking countries.
Utimco, a joint investment company of University of Texas and Texas A&M University, today backed a €210m ($234m) life sciences fund raised by Germany-based venture firm Wellington Partners.
Wellington Partners Life Science Fund (WPLS) V also secured contributions from business-to-business insurer Talanx, German state-owned investment unit KfW Capital and the EU-owned European Investment Fund (EIF) and European Investment Bank.
Several undisclosed family offices and trusts, which had backed previous Wellington funds, also committed capital.
WPLS-V will back…
