Royal Philips Electronics, a Netherlands-based technology conglomerate, has become a minority limited partner in local private equity firm Gilde’s third healthcare fund in the first anchor commitment to a venture capital group.

Gilde Healthcare III is raising €200m ($250m) to invest in early and growth stage healthcare technology companies in Europe and the US. Its second fund closed at €85m in 2006 with a final target of €125m primarily for European investments.

Steve Rusckowski, chief executiveof Philips Healthcare (pictured), said its "anchor investment in Gilde Healthcare III is in line with its policy of open innovation and its belief that the most effective way to deploy venture capital is via an independent fund that can leverage the expertise of a professional fund manager and the other investors in the fund".

As one of the fund’s anchor investors, Philips said it had contributed to shaping part of the fund’s scope…

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