Burrill launches new life sciences fund, targets $500M by mid-2012

Burrill & Co. launched a life sciences fund — aiming at a $500 million goal by mid-2012 — to invest in a wide range of early- to late-stage companies.
Burrill Capital Fund IV LP initially aimed for $300 million in capital commitments, Steven Burrill, CEO of the San Francisco-based life sciences financial services firm, said in a press release. It launched at $313 million. Some $200 million in the fund is supplied by a Russian-owned corporation named Rusnano, according to MedCityNews.