The fund attracted commitments from both new and existing investors including fund of funds, financial institutions, family offices and corporates from Europe, Asia and the US. Capital raised will be invested in healthcare companies across the UK and Europe.

The Macfarlanes team for this matter was led by investment management partner Stephen Robinson with assistance from investment management senior counsel Emily Brown and Mark Baldwin, a partner in the tax group, providing tax advice.

Stephen Robinson comments: "We are delighted to have worked with Apposite Capital on their successful fundraising – we have a longstanding relationship with them and are pleased that the business is going from strength to strength."