Venture Investors closes on $75M fund

Madison-based Venture Investors closed on a $75 million Venture Investors Health Fund VI LP. The fund will be managed by Jim Adox out of Ann Arbor, Michigan, where VI has long had an office and local presence, as well. Venture Investors, one of the oldest VC firms in the country, specializes in health-care investments.

According to a Crain’s Detroit Business report, the firm currently has $275 million under management. Other investors in the new fund include the State of Wisconsin Investment Fund, the Wisconsin Alumni Research Foundation, and Advocate Aurora Health, a not-for-profit health care system in Milwaukee.