Crossover Fund

Crossover Fund

A mutual fund that invests in both publicly-traded companies and private equity. A crossover fund usually has higher risk than most mutual funds, depending on the types of companies in which it invests, but it normally has both high yield and growth. Crossover funds are considered better as long-term investments, rather than short-term.
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Currently, Van Wagoner Ventures is marketing its VW Crossover Fund III Transportation Infrastructure to institutions and individuals interested in the rapid transformation of the global transportation grid.
Including the debt capital raised in this most recent round, Sharecares strategic investors include hospitals, health care investment firms and health plans, in particular, HCA (NYSE:HCA), Trinity Health, the Heritage Healthcare Innovation Fund and Hawaii Medical Service Association (HMSA); media companies Discovery Communications, Harpo Productions and Sony Pictures Television; high growth technology investment firms such as Claritas Capital; noted crossover fund Wellington Management; Wells Fargo; and Swiss Re, one of the worlds largest reinsurance providers.
The round also received participation from an unnamed public crossover fund as well as from existing investors SV Life Sciences, Clarus Ventures, MedImmune Ventures and Advanced Technology Ventures.
Country: USASector: PharmaceuticalsTarget: Catabasis Pharmaceuticals IncBuyer: Lightstone Ventures, SV Life Sciences, Unnamed public crossover fund, Clarus Ventures, MedImmune Ventures, Advanced Technology VenturesDeal size in USD: 32.
In this round, public crossover funds Deerfield Management Company, L.