Osage University Partners (OUP), the investment consortium of 70 research institutes and universities which invests in spin-outs and companies utilising its partners’ intellectual property, has closed its second fund at $215m.
An additional $15m over its target, the fund will use a similar strategy to its first fund. The universities sign over co-investment rights to OUP in return for a share in the fund’s overall profit. The fund will also pursue a wide investment strategy, investing in all sectors at all stages of development from seed to pre-IPO.
Bill Harrington, managing partner at Osage University Partners, said: “We are grateful for the support that our many returning investors and new limited partners have shown for our unique investment model and the OUP team. We look forward to working with world-class entrepreneurs and venture investors to help make university discoveries reality and generate exceptional returns for our limited partners in the process.”
