Nelson leaves SV Life Sciences to launch firm

Donald Nelson, former investor relations head of the Boston-based life sciences venture capital firm, has left to form NelCap Advisers, his own placement agency and consulting firm.

After spending nine years and raising two funds at SV Life Sciences, Donald Nelson has left the Boston-based life sciences specialist venture capital firm to set up his own placement agency and consulting firm, NelCap Advisers.

In an email sent to industry contacts, Nelson said: “I have thoroughly enjoyed raising the last two funds at SVLS and have decided to fundraise on a permanent basis. I will be assisting venture capital and private equity firms in the raising of their funds.”

Nelson recently worked on SV Life Sciences Fund VI, which at commitments of $572 million (€428 million), is the second largest ever venture fund specializing in the life sciences sector. The fund closed in February 2007.

Before joining SVLS as chief business officer in 1998, Nelson worked at Ernst & Young where he provided services to entrepreneurial, venture capital and leveraged buyout-funded enterprises.

Nelson will continue to be based in Massachusetts, at NelCap’s office Scituate.

SVLS started as Schroder Ventures Life Sciences in 1993 as part of Schroder Ventures Group, the firm which also gave birth to UK private equity giant Permira. The firm became independent in 2001 and has offices in Boston, London and San Francisco.