Funds

OrbiMed Private Investments VI targets $950m

Oklahoma State Regents for Higher Education has committed $5 million to the new fund.

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New York-based healthcare investment firm OrbiMed is raising a new private equity fund targeting $950 million, according to an SEC filing.

The vehicle, OrbiMed Private Investments VI, will be significantly larger than the firm’s last private equity fund, OrbiMed Private Investments V, a 2013-vintage fund that closed on $735 million that same year, surpassing its target of $750 million, Private Healthcare Investor reports.

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