Boston-based healthcare specialist Mansa Capital is understood to be going back into market “within weeks” with its second fund, targeting more than $100 million, Private Healthcare Investor reports.
Industry sources said that the fund would look to make deals of around $10-$15 million, compared with around $3 million to $8 million in its first vehicle.
PHI understands the vehicle will also be a healthcare-focused growth and venture capital fund.
The first fund, Mansa Capital Fund I, held a final close in 2012 on $50 million, and is now fully invested in six companies, according to Mansa’s co-founder and managing partner Ruben King-Shaw.
King-Shaw declined to comment on the fundraising, but told PHI: “We have been encouraged to look for more capital by our larger investors who have intimated they will commit a larger amount to a larger fund. But we are just starting to have those discussions now.”
An investor source said that Mansa would be back in market “in weeks” and that the second vehicle would be “bigger than $100 million”.
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