Burrill serves up multiple funds

Burrill & Co. plans to close its third fund, Burrill Life Sciences Capital Fund III, at the end of this year.

The fund now stands at $233 million, CEO Steven Burrill told VentureWire. The firm has already made a few investments out of that fund and Burrill says that he plans to invest in 15 to 20 companies from the vehicle over a three-year period.

The fund was slated to close last summer, sources told PE Week in June 2006. The firm had been raising the fund since January 2005.

Meanwhile, the San Francisco-based firm said last week that closed on $150 million for a fund that will invest parallel to its general life sciences fund. Burrill calls the sidecar fund the “Malaysian fund” because the money for it comes from Malaysian investors.

On top of all that, Burrill has launched fund-raising on a $100 China fund and a $200 million India fund. The firm hopes to close both by the end of the year, according to reports.

Burrill, which manages the venture funds and operates as an investment bank, has set up offices in China in Shanghai, Beijing and a neighboring city Tianjin. The firm also plans to open an office in Mumbai, India, by June.