Third Security, LLC Closes $250 Million Private Equity Fund

RADFORD, Va., Aug. 1 /PRNewswire/ -- Third Security, LLC announcedtoday the closing of its sixth and largest investment fund, New RiverManagement V, LP. NRM V, which closed at $250 million, has invested and will continue toinvest in select public and private companies. The general partner, ThirdSecurity Capital Partners V, LLC, is managed by Third Security, LLC. NRM V has already announced investments or commitments to invest inseveral companies, including Clinical Data, Inc., Cyntellect, Inc.,Halozyme Therapeutics, Inc. and Intrexon Corporation. Randal Kirk, Chief Executive Officer of Third Security, stated, "Withthis fund, we have expanded our base of limited partners as well as ourability to participate in the actualization of many promising newtechnologies. NRM V will be managed by the same team that has contributedto the success of our previous five funds. By continuing to apply ourexacting standards for investing and our hands-on management approach, weexpect to achieve success for the fund's investors and portfoliocompanies." About Third Security, LLC Third Security is an independent private equity and venture capitalfirm formed in 1999 to manage investments in public and private companies.Third Security evaluates opportunities in a wide range of industries, butprincipally focuses on emerging through late-stage investments inlife-sciences and information technology. For more information, visit thefirm's Website at http://www.thirdsecurity.com.