Fountain Healthcare Launches

Fountain Healthcare Partners today launched as an Ireland-based spinout from Elan’s New York-based corporate venture capital group. It has EUR 75 million in committed capital for its debut fund, from limited partners like the European Investment Fund, the National Pension Reserve Fund and Enterprise Ireland. It is targeting a total of EUR 100 million. Fountain will maintain a New York office, but most of its investments will be in Europe.

PRESS RELEASE

Dublin, Ireland., and New York April 29th 2008