(Bloomberg) -- Visium Asset Management, the multistrategy hedge-fund manager with about $7 billion in assets, is seeking to raise $500 million for its first private equity fund, said two people with knowledge of the fundraising.

Visium Healthcare Partners will invest in debt of biopharmaceutical and medical technology companies, mainly in North America, Western Europe and Japan, according to an agenda item for a meeting on July 16 of the University of Michigan regents. The school is considering investing $50 million in the fund, the document shows.

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