2717 Partners

Managing Members Fred Dwek and Michael Weiss lead day-to-day investment and operational decisions alongside Chairman Lindsay Rosenwald. Rosenwald acts as the originating force for the overall pipeline and syndicate relationships, while Dwek and Weiss handle structuring, legal execution, and portfolio company oversight. The three have worked together across multiple predecessor entities spanning more than two decades.

No. The firm builds biotech companies from inception and takes them public, typically within two years, rather than holding private stakes for extended periods. Returns come from structured exits, royalty agreements, and public-market share sales, not from waiting for single-blockbuster M&A events. This 'biotech factory' model distinguishes it from standard early-stage life sciences funds.

2717 Partners shares management and strategic DNA with Fortress Biotech, which Lindsay Rosenwald co-founded and where Michael Weiss served as Executive Vice Chairman and interim CEO. Both entities develop internally incubated biotech companies, though 2717 Partners operates as a distinct partnership series with its own capital base and portfolio construction approach. The crossover reflects the principals' long-standing practice of launching successive vehicles under different banners.

The firm deploys partner capital rather than blind-pool third-party fund commitments. This balance-sheet approach gives it full discretion over holding periods and exit timing. Some portfolio companies may raise additional capital through public offerings or PIPEs, but the founding capital is supplied internally by the Rosenwald-Dwek-Weiss partnership.

The firm licenses molecules from academic medical centers, research hospitals, and government laboratories — past sources include the National Institutes of Health and Memorial Sloan Kettering. Rosenwald's decades-long network in oncology research provides a proprietary origination funnel that bypasses the competitive auction processes typical of larger biotech venture funds. The group then recruits specialized management teams for each company.