Adjuvant Capital Announces $300 Million Venture Fund Designed to Improve Global Public Health
Merck, Novartis, IFC, Bill & Melinda Gates Foundation, Children s Investment Fund Foundation, Dalio Philanthropies, Doris Duke Charitable Foundation, ELMA Investments Ltd., Ford Foundation, MacArthur Foundation, Global Health Investment Corporation, CDC Group, Anthos Fund & Asset Management, and Others Join in Oversubscribed Debut Offering
NEW YORK, Feb. 18, 2021 /PRNewswire/
Adjuvant Capital today announced an oversubscribed $300 million fund focused on accelerating the development of medical innovations for historically overlooked public health challenges. Launched in 2019, Adjuvant s debut fund will support promising new technologies for indications that the venture capital industry has largely ignored.
Adjuvant Capital Announces $300 Million Venture Fund Designed to Improve Global Public Health
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Adjuvant Capital Announces $300 Million Venture Fund Designed to Improve Global Public Health
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Adjuvant Capital Announces $300 Million Venture Fund Designed to Improve Global Public Health
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In a tumultuous year, one of the key clear messages to emerge from 2020 was that environmental, social and governance (ESG) concerns are here to stay. As mentioned in our 31 July 2020 article “ESG in 2020: A Half-Year Review,” although many investors feared that the focus on ESG policies would fall away in the face of an economic crisis, the opposite appears to have occurred. The pandemic instead has triggered a debate on what societies really value, and at the same time exposed the extent of global interconnectedness and the “tragedy of the horizon” whereby societies fail to plan in the longer term and only address issues when it is too late. This focus continued throughout 2020 and, as a result, many now regard the coming months and years as an opportunity to rebuild economies with ESG matters, corporate purpose and sustainability firmly placed at the fore. In this article, we review the key trends that emerged i