DRI Capital

Investor type

VC

Founded

1992

AUM

$2 000 M

Location

Canada

$1-5 m

Investment Ticket

3-5 years

Investment Horizon

Series B

Investment Stage

Sale to strategic investor, IPO

Exit Strategy

Profile

DRI Capital is a global leader in healthcare investing. The firm was founded in 1992 to purchase international royalty streams on pharmaceutical products and to make healthcare equity investments. In 1993, the firm was listed on the Toronto Stock Exchange and remained publicly traded until 2002 when it was purchased and taken private. In 2006, DRI Capital successfully raised $800 million ($240 million in equity and $560 million in debt) for its first managed fund, Drug Royalty I. With the raising of Drug Royalty I, DRI completed its transition to a private equity fund manager business model. In 2010, DRI successfully raised $926 million of capital commitments ($701 million in equity for its second managed fund, Drug Royalty II, and $225 million in equity for Drug Royalty II Co-Investment Fund). As of June 30, 2012, Drug Royalty I and Drug Royalty II have collectively acquired 40 separate international royalty streams from inventors, universities, research institutes, biotechnology and global pharmaceutical companies payable on 29 different leading pharmaceutical products. Today DRI Capital is a fully-integrated team of 30 professionals and support staff with approximately $2 billion under management, focused on identifying, assessing, acquiring and managing biopharmaceutical royalty assets across the globe.

Industry

Biotechnology Healthcare Services Pharmaceuticals

Region of investment

North America

Contacts

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8LBgEzFf34hTlok6 Managing Director
Managing Director
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8LBgEzFf34hTlok6 Managing Director
Managing Director
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8LBgEzFf34hTlok6 President & CIO
President & CIO
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8LBgEzFf34hTlok6 CEO
CEO
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8LBgEzFf34hTlok6 CFO
CFO
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