Frazier Healthcare Wraps Seventh Healthcare Fund with $377M
October 02, 2013
Frazier Healthcare has closed its Frazier Healthcare VII fund with $377 million of commitments, exceeding its $300 million target. The fund's predecessor, Frazier Healthcare VI, closed on $600 million in 2007. Frazier invests in emerging healthcare service and biopharma companies, and in conjunction with the fund closing, the firm is promoting Brian Morfitt to general partner and Ben Magnano to partner. Additionally, Dan Estes will be promoted to vice president.