Deerfield targets $2.5bn

The New York firm has launched its fifth healthcare vehicle.

Fund name: Deerfield Private Design Fund V
Target size: $2.50 billion
Launch date: July 2020

Deerfield has launched Deerfield Private Design Fund V with a target of $2.50 billion. Capital raised by the vehicle will be used to provide royalty financing to healthcare companies throughout North America.

Fund V’s predecessor, Deerfield Private Design Fund IV, held a final closing in 2017 at $2.40 billion and received capital commitments from several institutional investors including $100 million from Florida Retirement System Trust Fund and $35 million from the University of Washington.