Pequot Ventures Expands Health Care Investment Activities; Enters Strategic Relationship with Lombard Odier Darier Hentsch.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & GENEVA -- Pequot Capital Management, Inc., a private investment firm, today announced that its direct investment arm, Pequot Ventures, has entered into a strategic relationship with the Swiss private banker Lombard Odier Darier Hentsch. Under the terms of this collaboration, Pequot Ventures will assume responsibility for the private equity and venture capital investments made by Lombard Odier Darier Hentsch in the life sciences sector through its LODH LODH Lombard Odier Darier Hentsch (Swiss bank) Immunology immunology, branch of medicine that studies the response of organisms to foreign substances, e.g., viruses, bacteria, and bacterial toxins (see immunity). Immunologists study the tissues and organs of the immune system (bone marrow, spleen, tonsils, thymus, lymphatic Fund. "This relationship underscores Pequot Ventures' commitment to growing its health care franchise," said Patrick G. Enright, General Partner of Pequot Ventures. "We look forward to leveraging our ongoing investment activities in health care by working hand-in-hand with one of the premier international investment institutions in the sector, and in particular, one which has such a highly-respected international life sciences network." "Since the early 1990s, Lombard Odier Darier Hentsch has been recognized as one of the premier investors in publicly-traded and private companies in the life sciences and biotechnology sector," commented M. Patrick Odier, Managing Partner of Lombard Odier Darier Hentsch. "We are convinced that building on our strong presence in the life sciences by adding the expertise of Pequot Ventures' managers and broadening the investment focus of our LODH Immunology Fund to include non-biotechnology health care companies will result in significant benefits for our clients and our firm's life sciences related products." Pequot Ventures will assume responsibility for the venture capital and private equity positions in the LODH Immunology Fund by year-end 2004. Pequot Ventures, the venture capital and private equity investment arm of Pequot Capital, has approximately $1.8 billion in committed capital through its venture and private equity funds. Pequot Ventures actively pursues investment opportunities in health care, software, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , semiconductors and defense/aerospace. Pequot Capital Management has operations in New York, NY, Westport, CT, Wellesley, MA, Menlo Park Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , CA, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , CA, and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA. Lombard Odier Darier Hentsch is a leading Swiss private banker with over $100 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and offices in 14 countries. Lombard Odier Darier Hentsch has, over a period of 15 years, developed several unique investment products targeting the life sciences industry, including the biotechnology focused LODH Immunology Fund, which was launched in 1995. |
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