Third Rock Ventures’ $1.1 Billion Fundraising

Proskauer advised Third Rock Ventures on the deal.

Third Rock Ventures, a leading health care venture firm, announced the closing of its sixth fund, which raised $1.1 billion. The Fund will continue Third Rock’s core strategy to discover, launch and build new groundbreaking companies focused on improving the lives of patients.

Third Rock Ventures is a leading healthcare venture firm focused on advancing disruptive areas of science and medicine to deliver breakthroughs to patients.

The Proskauer team advising Third Rock Ventures included partner Robin A. Painter (Picture) and associates Bradley A. Schecter, Mason C. Smith and Konstantinos Karamanakis (Private Funds); partner Scott S. Jones and associates Philip Lenertz and Yuna L. Choi (Tax); and senior counsel Adam W. Scoll (ERISA).

Involved fees earner: Yuna Choi – Proskauer Rose; Scott Jones – Proskauer Rose; Konstantinos Karamanakis – Proskauer Rose; Philip Lenertz – Proskauer Rose; Robin Painter – Proskauer Rose; Bradley Schecter – Proskauer Rose; Adam Scoll – Proskauer Rose; Mason Smith – Proskauer Rose;

Law Firms: Proskauer Rose;

Clients: Third Rock Ventures, LLC;