The fund, managed by Catapult Venture Managers, focuses on seed and early stage life sciences businesses in the Greater Manchester and Cheshire & Warrington region, and is based at Alderley Park, the largest life sciences campus in the UK. The fund is the result of a collaboration between several public and private sector partners, and has already backed a significant number of companies in various life sciences sectors, including therapeutics, medical devices, contract research organizations, diagnostics developers, and healthcare technology. The fund size, at first close, is approximately £31m.