Athryium Capital and Neuberger Berman close second healthcare fund at $1.2 bln

Athryium Capital Management LP and Neuberger Berman have raised $1.2 billion for their oversubscribed second healthcare fund, both firms announced today.

The limited partners of Athryium Opportunities Fund II include public and private pensions, endowments, foundations and sovereign wealth funds.

The pool, a structured credit fund, targets commercial-stage healthcare companies in North America, Europe, Asia and Australia. The vehicle will invest between $25 million and $150 million per deal.

Athyrium and Neuberger Berman’s initial joint fund closed at $507 million in 2013. No performance data was available.

In 2009, Neuberger Berman’s NB Alternatives, which specializes in direct and fund-of-funds investments, teamed up with Athryium Capital to raise capital and make investments in the healthcare industry.

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