Sands Capital held a first and final closing of its second life sciences dedicated fund, Sands Capital Life Sciences Pulse Fund II, L.P. (“Pulse II“), raising $560 million. This close increases total Pulse Strategy assets under management to more than $950 million, including Sands Capital Life Sciences Pulse Fund, L.P. (“Pulse I“) and related vehicles. The team will continue investing with the same emphasis on private therapeutics, diagnostics, and life sciences tools businesses. The strategy’s mission is to help transform how diseases are defined, diagnosed, and treated.
“We believe the life sciences sector is in the early stages of a scientific and technological revolution that is generating, and will generate for decades to come, tremendous value for patients and society,” said Stephen Zachary, Managing Partner. “We are excited to partner with management teams and companies shaping the future of medicine.”
“We believe the investments we are making as part of our Pulse Strategy will have significant impacts on the entire scientific community for years to come. As former life sciences executives and scientists, we are proud to support the next wave of innovation as an active partner,” said Ian Ratcliffe, Managing Partner. “We are grateful to our incredible existing investors who continue to support us and to the new investors joining us in Pulse II.”
