A new fund to invest in diseases that have no cure was created. The Spanish investment fund manager Trea Am, together with the international firm specializing in health investment funds, Discovery Ventures, have created Trea Healthcare Ventures, a new health fund for €25 million.
Trea Healthcare Ventures aims to invest in therapeutic advances that prevent, cure, or treat diseases that have no cure today. For this, it is intended to use forms of medicine that are still in the process of growth, such as cell therapies, genetics, nano-biotechnology, artificial intelligence, bionics, or tissue engineering.
The fund is part of article nine of the European Sfdr regulations that focus on improving the quality of life and health of the population as a whole, through the use of therapeutic tools focused on biotechnology, that is, on tools that they are still in the development process.
The companies in which Trea Healthcare Ventures will invest are those that have “therapeutic treatments that have significant clinical benefit and that target large populations of patients with a high degree of unmet medical need, with next-generation solutions,” according to the brochure sent by the firm to the National Securities Market Commission (Cnmv).
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Trea Healthcare Ventures will invest in about twenty companies
Trea Healthcare Ventures will focus on around twenty-25 companies and will have an investment portfolio that can be common, preferred, Safe (Simple Agreements for Future Equity) shares, as well as convertible bonds. Likewise, the companies to which it will be addressed will be located in Europe and the United States.
Company regulations prevent investing more than 35% in companies that belong to the same business group and more than 25% in investable assets at the time of investing in the same company.
Trea Am allied with The Fund at the end of 2022 to create a fund focused on start-ups
The launch of the new Trea Am fund together with Discovery Ventures follows the recent launch of the Spanish firm on the US market. At the end of 2022, Trea Am allied with the American manager The Fund in the creation of The Fund Trea US Ventures, with a value of €20 million, which serves as a vehicle for both companies to invest in start-ups in their initial phase in the American country.
Discovery Ventures is a manager that specializes in the healthcare field and has offices in Paris, London, and New York. The firm has made investments in companies such as Quethera, Orchard Therapeutics, and Gensight.
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First published in PlantaDoce, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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