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Article: St. Paul Venture Capital Forms Seventh Satellite Fund; Fog City Fund to Focus on Life Science and Healthcare Opportunities.
- Article from:
- PR Newswire
- Article date:
- November 10, 2000
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MINNEAPOLIS, Nov. 10 /PRNewswire/ --
St. Paul Venture Capital today announced the formation of its seventh satellite fund. Fog City Fund will invest in life science and healthcare companies primarily on the West Coast. The $40 million fund will be based in San Francisco and be managed by Nancy Olson, who has headed the St. Paul Venture Capital healthcare portfolio for the past seven years. The existing portfolio has generated gains from Biopsys, Intrabiotics, and Prograft, among others, and currently consists of a number of attractive privately-held companies, for which Olson will continue to have responsibility.
Fog City Fund will receive its capital ...