Foresite Capital Raises $668 Million For Fourth Fund

San Francisco, California-based Foresite Capital recently closed its fourth fund at $668 million. The fund—which included university endowments, pension funds, insurance companies, and foundations—is the health care and life sciences firm’s largest to date.

With the latest funding, Foresite Capital now has $2 billion total in assets under management. With the funds, the firm will continue investing in both private and public companies that develop new therapeutics, discovery and data science tools, and other approaches to clinical care. Additionally, the firm will focus more closely on investing into companies that apply data science tools and machine . . .