Third Rock Ventures raises $516 million fund

Third Rock Ventures raises $516 million fund

SAN FRANCISCO, March 25 (Reuters) – Healthcare-oriented venture firm Third Rock Ventures said it had raised a $516 million fund, its third, even as healthcare investing endures something of a slump. Investors have cooled on the sector due to factors including...
Neo Capital bags Italy luxury brand Valextra

Neo Capital bags Italy luxury brand Valextra

MILAN, March 22 (Reuters) – London-based investment firm NEO Capital has bought a majority stake in Italian luxury handbags maker Valextra in expectation of a possible initial share offering. On Friday Milan-based Valextra, known for its leather handbags in...