Great Point Partners has launched the fundraising for Great Point Partners II, its second PE fund. The fund has a target of $200 million. Its predecessor, the 2006 vintage Great Point Partners I fund, had a gross IRR of 24% as of September 30, 2011. GPP II will make growth recapitalizations and growth equity investments in healthcare companies. The fund will invest $7 million to $25 million of equity per transaction.
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