RA Capital locks in $86M

RA Capital, a life sciences private equity firm based in Boston, has raised $86.25 million from 35 investors, according to a regulatory filing. The firm is run by Richard Aldrich, the co-founder of Altus Pharmaceuticals (Nasdaq: ALTU), Sirtris Pharmaceuticals and Magen Biosciences. He is joined by Portfolio Manager Peter Kolchinsky and Rajeev Shah, who will evaluate new investments.

The firm focuses on investments in biotechnology and specialty pharmaceuticals, according to the regulatory filing. —Alexander Haislip