Covington Assumes Control of Genesys Capital Funds

Covington Capital has taken over management of two venture capital funds — New Generation Biotech Equity Fund and New General Biotech Balanced Fund – from Genesys Capital Partners. No financial terms were disclosed. In related news, NGBE has sold portions of its positions in Affinium Pharmaceuticals, Epocal and NeurAxon to β€œan institutional purchaser.”

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