Panacea VC is not a fund. Each opportunity is structured as its own special purpose vehicle, so investors choose the companies they take exposure to rather than committing blind capital to a pool.
A special purpose vehicle is a transaction-specific investment entity. Investors hold interests in the vehicle, and the vehicle holds the interest in the underlying company. Each investment is structured through a dedicated vehicle appropriate to the underlying transaction, designed to maintain clear ownership and liability boundaries, and administered by Roundtable.
Structuring deal by deal lets investors evaluate individual opportunities on their own merits. It also means the security, ownership chain, transaction documentation and SPV structure are evaluated before capital is committed, every time.
A primary investment is the purchase of newly issued securities directly from a company, typically in a financing round. A secondary investment is the purchase of existing shareholder interests, from an early investor, employee or fund, usually ahead of an IPO or other liquidity event.
Panacea VC sources allocations principally through secondary transactions and structured access ahead of a liquidity event. In a secondary, the source of shares, the transaction documentation and the ownership information are verified before the transaction proceeds.
We identify opportunities through relationships with leading venture and growth investors, founders, institutional investors and private-market participants.
We assess the company against our investment criteria, including market position, growth, revenue, valuation, sponsorship and potential liquidity.
We conduct detailed commercial, financial and transaction-level diligence.
We verify the underlying transaction, ownership chain, documentation and relevant counterparties.
The investment is structured through a dedicated investment vehicle appropriate to the transaction.
Qualified investors are offered the opportunity to participate on a deal-by-deal basis.
We monitor the investment and relevant developments through the holding period.
Where applicable, proceeds are distributed following an IPO, strategic sale or other liquidity event, subject to the terms of the relevant investment.
| One-time set-up fee | On enquiry |
| Annual management fee | On enquiry |
| Carried interest | On enquiry |
| Typical transaction size | US$1–20m |
The applicable fees, expenses, carried interest and other economics may vary by transaction and are governed by the relevant investment documentation. A full schedule is provided before any commitment.
We seek to work with regulated General Partners and counterparties operating within applicable US, UK and European regulatory frameworks.
We conduct verification of the source of shares, transaction documentation and relevant ownership information.
Investors and transactions are subject to applicable know-your-customer and anti-money-laundering procedures.
Each investment is structured through a dedicated vehicle appropriate to the underlying transaction.
The investment structure is designed to maintain clear ownership and liability boundaries.
Transaction documentation and investor records are maintained through the relevant administrative and legal framework.
Material actions are subject to the applicable governance provisions of the investment structure and transaction documents.
Panacea VC works with a select group of qualified investors. If you would like to learn more and receive information on relevant investment opportunities, we invite you to get in touch.
Request an introductionOpportunities are offered selectively and subject to applicable eligibility requirements, jurisdictional restrictions and transaction-specific terms. Private-market investments involve illiquidity, valuation uncertainty and the potential loss of invested capital. Nothing on this page is investment advice or an offer of securities.