Aisling Capital, a life sciences-focused private equity firm, is raising $400 million for its fourth fund, with a hard cap of $500 million, Fortune reports.
The New York firm has a vast portfolio of healthcare and life sciences startups, with some notable players including antifungal immunotherapy player Cidara Therapeutics; the much buzzed-about sepsis diagnostics maker T2 Biosystems; and Seragon Pharmaceuticals, which was acquired by Roche last year for $1.7 billion. It also had a healthy exit with Aimmune Therapeutics, which makes immunotherapy products for food allergies. It went public last week and has a $1 billion valuation.
