Frazier
Frazier last closed a fund in September 2025 — 14 months ago.
Frazier has raised 4 times on its Life Sciences funds about every 36 months. The last was Frazier Life Sciences XII, L.P. That points to Mar 2028.
Historically about 1 in 8 firms this early in their cycle filed within a year. The month is approximate — how often this is right.
This firm closed a fund in the last 18 months, so it has money to put to work now.
- Funds on file
- 11
- Capital raised
- $2.77B+
- Latest close
- September 2025
- Based in
- CA, UT, WA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Frazier Fund '25, LP | September 2025 | not stated | 0002088367 ↗ |
| Frazier Life Sciences XII, L.P. | March 2025 | not stated | 0002052255 ↗ |
| Frazier Fund '24, LP | August 2024 | not stated | 0002032354 ↗ |
| FRAZIER FUND '23, LP | March 2023 | not stated | 0001963437 ↗ |
| Frazier Life Sciences XI, L.P. | March 2022 | $960M | 0001911592 ↗ |
| Frazier Fund III, LP | May 2020 | $31M | 0001814096 ↗ |
| Frazier Life Sciences IX, L.P. | October 2017 | $419M | 0001720320 ↗ |
| Frazier Life Sciences VIII, L.P. | October 2015 | $262M | 0001655827 ↗ |
| Frazier Healthcare VII-A, L.P. | May 2013 | $82M | 0001575192 ↗ |
| Frazier Healthcare VII, L.P. | July 2012 | $400M | 0001553071 ↗ |
| Frazier Life Sciences X, L.P. | — | $617M | 0001790879 ↗ |
4 of these filed no amount (an “Indefinite” offering), so the total above is a floor.
Dated from filing date; no date of first sale was reported.
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
James Topper, Patrick Heron, Alan Frazier, David Frazier, Nader Naini, Nathan Every, Scott Frazier, Daniel Estes
What Frazier invests in
- Typical fund
- $400M median, multistage
Service providers
- Fund administrator
- MUFG (1 fund), SS&C (1 fund); no administrator reported for 9 funds
- Auditor
- Deloitte (7 funds), WSRP (3 funds), EY (1 fund)
From Form ADV filed by FRAZIER LIFE SCIENCES MANAGEMENT, LP CRD 317522 ↗, latest filing June 2026, covering 11 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.