Agent Capital, formed by Ex-Baxalta Ventures managing partner Geeta Vemuri, has raised $52m of a planned $150m for its first fund.

Agent Capital, the US-based venture capital firm founded by Geeta Vemuri, formerly managing partner of corporate venturing unit, Baxalta Ventures, has raised $52m for its first fund, according to a regulatory filing.

The firm targets investments in developers of therapeutics that will address unmet patient needs, in areas such as oncology, immunology, rare diseases, neurology and the central nervous system.

The capital has come from just two investors, the filing stated, and Agent Capital is targeting $150m for the…