Gunderson Dettmer client and Seattle-based growth and venture capital firm Frazier Healthcare Partners has announced closing its latest and largest Life Sciences fund with $617 million of committed capital. The firm’s twelfth  fund, the third dedicated life sciences fund, will continue its three-pronged strategy of investing in company creation, early-stage and late private/public opportunities.

In the announcement of the fund, Frazier General Partner Patrick Heron said, “We are extremely grateful to our limited partners for their continued support of our Life Sciences strategy. We were also happy to welcome a small number of new, high-quality, institutional investors to our fund."

The Gunderson Dettmer deal team was led by Stig Colberg and included Steve Franklin, Jaime Narayan, Sally Yi and Amanda Chan.