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MPM Capital raises US$850 mil for cancer fund, with US$650 million from UBS

The Edge Singapore
The Edge Singapore10/6/2021 4:45 PM GMT+08  • 2 min read
MPM Capital raises US$850 mil for cancer fund, with US$650 million from UBS
UBS clients have invested more than US$1 billion to seek out cancer treatments.
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MPM Capital is a biotechnology investment firm, recently raised US$850 million for its Oncology Impact Fund 2, meant to further research by companies trying to come up with cures for cancer.

Out of this total, the bulk of it, some US$650 million, were from clients of UBS global wealth management.

The amount raised for OIF2 makes it the largest dedicated impact investment fund in biotech history.

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