VC fund briefs, week of Aug. 31, 2009

Helix forms to go after health care deals

Helix Ventures has formed as a Palo Alto, Calif.-based VC firm focused on health care technologies.

Its principals include former Asset Management Co. investors Graham Crooke and Evgeny Zaytsev and Fusion Medical Technologies co-founder Philip Sawyer.

The firm is targeting $150 million for its debut fund, according to VentureWire. VentureWire also reported that Helix is in discussions with potential investors, including the family of Asset Management founder Franklin P. “Pitch” Johnson.

HLM seeks $200M for new fund

HLM Venture Partners is raising up to $200 million for its latest health care-related fund, according to a regulatory filing.

The Boston-based VC firm invests in health care technology and services sectors. Its most recent fund, called HLM Venture Partners II, was capped at about $215 million in 2005.