Perceptive Advisors raises $1bn

The New York-based asset manager has raised capital for its third fund.

Fund name: Perceptive Credit Opportunities Fund III
Amount raised: $1.02 billion
Predecessor fund: Perceptive Credit Opportunities Fund II ($675m)
Number of investors in the fund: 201

Perceptive Advisors has raised $1.02 billion in committed capital for its Perceptive Credit Opportunities Fund III, according to a recent filing with the US Securities and Exchange Commission. It is unclear from the filing whether this was a final or interim close. The fund will invest in the healthcare, telecommunications, media and technology (TMT), and biotech and life sciences sectors.