Burrill Creates $1B Hybrid Fund, Eyes Stimulus Money for Minnesota's Elk Run Project

G. Steven Burrill, the San Francisco biotech investor/analyst who is the main investor behind the 200-acre BioBusiness Park at Elk Run, planned for Pine Island, Minn., told the Star-Tribune of Minneapolis on Thursday he will complete by year's end a $1 billion hybrid fund intended to finance the project. The fund would divide its assets evenly between real estate and venture capital.

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