Petrichor Healthcare Capital Management has announced it has closed Petrichor Opportunities Fund I.
The firm reported that the new fund was oversubscribed with $410 million in commitments.
Petrichor, based in New York, is a healthcare-focused private equity firm that makes structured investments. Founded in 2017, the firm invests in private and public companies primarily in biopharmaceuticals, medical technology and diagnostics that are seeking growth capital.
Investment sizes range from $10 million to $50 million, with Petrichor able to commit larger amounts through limited partner co-investments.