Deerfield Management raises $2.4bn

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Deerfield Management has raised $2.4 billion for its Deerfield Private Design Fund IV, according to a SEC filing. The New York-headquartered firm began fundraising in 2016 with a $2.5 billion target.

Its previous fund raised $1.6 billion in 2014.

The fund will target royalty financing opportunities in healthcare sectors in North America.