Jeito Capital closed its second private equity fund, Jeito II, on 8 April with a call to the pharmaceutical industry to meet the challenge of the patent cliff by producing more innovative new medicines for patients. Significant new financing will be available for companies that do this following the close of Jeito II which raised €1 billion, above expectations and about double the size of Jeito I which attracted €534 million in 2021. The new fund is expected to supply capital to 15 to 20 companies with larger amounts than in the past.