BOSTON – November 13, 2020 – Proskauer, a leading international law firm, announced that it acted for RA Capital Management ("RA Capital") in their first and final closing of RA Capital Nexus Fund II ("Nexus Fund"), far exceeding its target of $350 million.
RA Capital pursues a multi-stage investment approach to biotech investing, which spans new company formation, venture financing and public investing. Nexus Fund is a closed-ended fund that will invest alongside RA Capital's other accounts, expanding RA Capital's private capital pool to take larger positions in its investments.
The Proskauer team included partner Howard Beber, associates Shummi Chowdhury, Joseph Fielding, Andrew Mandelbaum and Libbie Walker (Private Funds), partner Scott Jones and associate Emily Cummins (Tax).