California VC Venrock starts $194 million health-care fund

California's Venrock venture fund has started Venrock Healthcare Capital Partners, a $194 million fund focused on publicly held and late-stage private medical companies.

California’s Venrockventure capital firm has started Venrock Healthcare Capital Partners, a $194 million fund focused on publicly held and late-stage private medical companies.

Venrock, with about $2.2 billion under management, has often invested in early stage companies. It has 39 health care companies in its portfolio in the areas of biotech, health IT and medical devices, although the firm has had little activity in the Midwest. It also has offices in New York, Massachusetts and in Israel.

“Venrock Healthcare Capital Partners presents a tremendous opportunity for us to leverage our expertise and relationships in building biotech companies within the public realm,” Venrock partner Bryan Roberts stated in a release.

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