TCG Crossover attracts institutional interest

TCG Crossover (TCG X) has raised an inaugural $824 million fund on crossover and public investments in the life sciences.

Investors in the oversubscribed fund include the Texas County & District Retirement System, other pensions funds, university endowments, family offices and sovereign wealth funds.

TCG X invests exclusively in innovative drug discovery companies that are seeking the make an impact on unmet medical needs. The firm is led by Dr. Chen Yu, formerly a . . .

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