Transatlantic Capital Bio-Sciences Partnership
The Partnership Objective Management InvestmentPerformance Management Record Current Partners Contact Information
Transatlantic Capital Bio-Sciences Partnership ("the Partnership") has and will continue to invest private equity capital in companies engaged in the bio-sciences generally, including the healthcare, medical and biotechnology industries. It focuses on early, expansion and development stage investment.
Transatlantic Capital intends to raise up to £20 million through offering participations under Fund D, currently in the process of funding a 10 year limited partnership-Partnership D.
The new partnership's objective is to achieve substantial overall rates of return through specialized investment in the bio-sciences sector. It is expected that the healthcare and medical technology fields will expand more rapidly than most other areas of the economy of Europe, partly through the impact of demographic change and partly through the development of private financial initiatives to achieve a more economic provision of medical services. These factors should lead to expansion in the range of opportunities available for investment.
The management organization ("the Manager") was founded by Gordon Dean and Fred Offer in 1985 and is believed to be the only UK firm specializing in the management of private equity capital in the particular bio-sciences area. The Manager has an experienced management team, both in the UK and the U.S., and is supported by a scientific committee composed of leading experts in the medical field.
Since the inception of the Transatlantic Capital business in 1985 the Manager and the scientific committee have reviewed in detail more than 2,000 opportunities resulting in investments in 26 companies of which 15 have been disposed and 7 have become listed, including, in particular, Alliance Imaging, Celsis International, Ethical Holdings, Oxford Molecular and PPL Therapeutics. At present the Manager is responsible for three partnerships. The first two (which are managed as a single entity) are near their termination date and have paid back to date almost three times the invested capital while the second is substantially fully invested and has repaid about half of its original capital. At the end of April 1996 the existing partnerships showed an overall internal rate of return to investors respectively of 21% and 18%. Investments with a cost of £2.4 million show a capital gain of approximately £6.3 million for the first two partnerships while in the third partnership investments with a cost of £5.1 million show a capital gain of approximately £5.6 million to date.
|Value of residual portfolio (1 investment)||1462|
|Returns to date (I.R.R.)|
|Value of residual portfolio (1 investment)||7808|
|Returns to date (I.R.R.)|
Partners in the existing partnerships(A,B&C) of the Transatlantic Capital Bio-Sciences Fund
Australia and New Zealand Banking Group
Berkshire County Council Superannuation Fund
Blue Circle Pension Fund
British Aerospace Pension Fund
British Coal Staff Superannuation Scheme
British Telecom Pension Scheme
Capel-Cure Myers Capital Management
Civil Aviation Authority Pension Fund
Church Commissioners for England
Commercial Union Assurance Company
Crossroads Management (UK) Limited
Johnson & Johnson Development Corporation
Greater Manchester Superannuation Fund
Mineworkers Pension Scheme
Post Office Staff Superannuation Scheme
Provident Mutual Life Assurance Association
Royal Automobile Club
Tameside Metropolitan Borough Council Superannuation Fund
Contact Us for More Information:
Bruce W. Barren