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WuXi AppTec approves $2m commitment

The Shanghai-based medical technology investment firm has backed a North America-focused fund.

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Institution: WuXi AppTec
Headquarters: Shanghai, China
AUM: CNY24.42bn
Bitesize: $1-$5m

WuXi AppTec has agreed to commit $2 million to Mission Bay Capital III (MBC III) through its venture capital arm, WuXi PharmaTech Healthcare Fund I. MBC III will focus on healthcare, biotech and TMT sectors in North America.

As illustrated below, the Shanghai-based investor has made two private equity commitments to funds with a 2018 and 2019 vintage respectively.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.