5AM Venture Management closes $200 million venture capital fund

5AM Venture Management, LLC of Menlo Park, CA and Waltham, MA is pleased to announce the closing of 5AM Ventures III, L.P., a $200 million venture capital fund focused on early-stage life science companies. The capital was raised from a broad range of current and new institutional investors including endowments, family offices, foundations, funds-of-funds and pension funds.

Formed by successful industry executives and experienced venture capitalists, the 5AM team takes a focused, hands-on approach to company building. 5AM portfolios are well diversified, including spinouts from established life science companies, innovative platform technologies and companies developing near-term products. 5AM will continue to focus on early-stage life science companies with the majority of the investments being made in the discovery and development of novel therapeutics. A meaningful portion of the fund will also be invested in companies developing diagnostics, materials, medical devices and reagents.

5AM’s investment team consists of Managing Partners John Diekman, Ph.D., Scott Rocklage, Ph.D., and Andy Schwab; Venture Partners Mason Freeman, M.D., Richard Ulevitch, Ph.D. and Jim Young, Ph.D.; Principals Mark Colella, Kevin Forrest, Ph.D. and Andrew McMillan, Ph.D. and Associate Jennifer Ma, Ph.D. 5AM’s Finance & Administrative team is led by General Counsel & COO Paul Stone, J.D. and Vice President, Finance, Jenny Lee.