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Ropes & Gray Advises Cowen Healthcare Investments on Oversubscribed Third Healthcare Fund

Practices: Asset Management, Private Equity, Private Funds, Sponsor Representation

Ropes & Gray advised Cowen Healthcare Investments on Cowen Healthcare Investments III LP ("CHI III" or the "Fund"). Cowen Healthcare Investments (“CHI”), a private healthcare investment strategy within the investment management division of Cowen Inc., announced on May 19 that it successfully completed fundraising for CHI III with $493 million, $93 million above the Fund’s original target. CHI III received commitments from existing and new investors, including institutional investors, family offices, and high net worth individuals. 

Cowen Healthcare Investments is an investment manager affiliated with Cowen Inc. CHI was founded in 2012 to support innovation in the healthcare sector, with a particular focus on biopharma, diagnostics and digital health. CHI focuses its investment activity on established companies with outstanding management teams and disruptive approaches to disease that address significant unfulfilled medical needs. Since 2012 the team has invested in 38 private healthcare companies. 

Ropes & Gray asset management partner Sarah Davidoff led the team advising on CHI III, which included tax partner Brett Robbins, tax counsel Seth Piken, asset management associates Justin Kliger, Libby Martin, Roger Deming and tax associate Alexa Voskerichian.

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