Panorama Capital LLC took the final step in its spinoff from former parent J.P. Morgan Chase & Co., announcing Tuesday that it has closed a $240 million first independent fund to invest in life sciences and technology companies.
Panorama will continue to manage and make follow-on investments on behalf of J.P. Morgan Partners, but the closing of the fund first launched in 2006 marks the completion of Panorama's establishment as a standalone firm since initiating the split in 2005. The new fund had a first close in 2007 and has made six investments.
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